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New Jersey legislative leaders and Gov. Chris Christie have reached agreement on a compromise gas tax hike plan to keep the states Transportation Trust Fund afloat that would be offset by a sales tax cut.
June 28 - New Jersey
New Jersey revenues tumbled 7.3% in May compared to the year before.
June 20 -
New Jersey bonds could see spread tightening after a state Supreme Court decision upholding the 2011 suspension of cost of living adjustments to retiree pension benefits, but any boost will likely be short-lived, according to Municipal Market Analytics.
June 15 -
A bipartisan coalition of New Jersey lawmakers are pushing a $20 billion 10-year Transportation Trust Fund plan that faces skepticism from Gov. Chris Christie.
June 14 -
Atlantic City has hired McManimon Scotland & Baumann as bond counsel in an effort to avoid a state takeover.
June 13 -
Atlantic City's junk-rated Municipal Utilities Authority could play a key role in deciding the distressed city's financial fate.
June 10 -
The New Jersey Supreme Court upheld Gov. Chris Christies 2011 suspension of cost of living adjustments for retirees pension benefits in a ruling that keeps the state's pension funding position from getting even worse.
June 9 -
A new state rescue plan fails to address Atlantic Citys long-term fiscal challenges, S&P Global Ratings said Tuesday in affirming its deep junk-level CC rating of the New Jersey gambling resort.
June 7 -
New Jersey voter approval of gaming expansion could lead to as many as four casino closures in Atlantic City, but the proposed referendum faces an uphill battle, according to Fitch Ratings.
June 2 -
The Atlantic City rescue package New Jersey Gov. Chris Christie signed before the Memorial Day weekend is a credit positive for the cash-strapped gambling hub, according to Moodys Investors Service.
May 31 - New Jersey
New Jersey would generate millions in annual new sales tax revenue if the state legalized marijuana, according to a report by New Jersey Policy Perspective and New Jersey United for Marijuana Reform.
May 26 -
The New Jersey Senate and Assembly passed a compromise rescue package that allows Atlantic City to avoid an immediate default by providing a bridge loan.
May 26 -
Atlantic City would avoid an immediate default and get more time to avert a state takeover under compromise legislation moving forward in the New Jersey legislature.
May 24 -
It's time to cut the paperwork and expedite the planned Gateway Tunnel between New Jersey and Manhattan, argues a critic of the permitting process.
May 20 - New Jersey
New Jersey is facing a possible $1.1 billion revenue shortfall for the current and next fiscal year following weaker than expected income tax collections in April, according to the state Legislatures nonpartisan budget office.
May 18 -
New Jersey Gov. Chris Christie said he would rather Atlantic City file for bankruptcy than send more money to the gambling hub, and will let the city file if lawmakers dont approve the rescue bill he supports.
May 6 -
New Jersey Senate President Steve Sweeney, D-Gloucester, said Wednesday state intervention is the only solution to solve Atlantic Citys fiscal crisis as a result of the citys failure to confront its financial mismanagement.
May 4 -
Atlantic City, N.J., averted default Monday by making a $1.8 million debt service payment, but its far from certain the struggling city can make other such payments this year.
May 2 - New Jersey
The developer of New Jerseys long-stalled American Dream project in the Meadowlands may turn to tax-exempt bonds from an out-of-state conduit issuer for the shopping and entertainment complex.
April 29 - New Jersey
Glenn Straub, owner of Atlantic Citys shuttered Revel Casino Hotel, is planning a new ropes course in the 47-story resort.
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