New Jersey

With Atlantic City inching closer to insolvency, the gambling hub took another hit Tuesday with a judge ruling that the Borgata Casino Hotel & Spa can seek refunds for its 2011 through 2014 property tax bills.

New Jersey has filed a lawsuit against Atlantic City seeking to recover more than $30 million the municipality owes its school district, Gov. Chris Christie announced Monday.

Atlantic City’s credit crating was slashed two notches to Caa3 by Moody’s Investors Service Monday as default concerns persist over the gambling hub.

Gov. Chris Christie reiterated his call for the Assembly to approve an Atlantic City state takeover bill Thursday, emphasizing that the credit health of other New Jersey municipalities is at stake.

With Atlantic City inching closer to a government shutdown, multiple New Jersey Assembly members are calling for Gov. Chris Christie to compromise on a state takeover bill and use tools at his disposal to help the gambling hub avoid default.

New Jersey labor unions are calling for the state’s pension fund to scale back its alternative investments to help cut down on fees paid to Wall Street firms.

The Gateway Tunnel rail project connecting New Jersey to Manhattan received a commitment for $70 million in an effort to fast-track the estimated $20 billion initiative.

New Jersey Gov. Chris Christie is pressing Assembly Speaker Vincent Prieto to support an Atlantic City intervention bill approved by the State Senate saying failure to do so could lead to a bankruptcy of the gambling hub.

With a potential default looming, Atlantic City is shutting down “non-essential” government services for at least a three-week period next month, its mayor said.

Atlantic City is putting its former airport property up for auction in an effort to address its massive debt burden eight years after a gamble with the land backfired.

A long-stalled development of vacant Newark, N.J. land could provide a financial jolt to New Jersey’s largest city.

A proposal to expand casino gambling in New Jersey beyond Atlantic City will head to voters after both houses of the state legislature approved a resolution Monday to put the issue on the Nov. 8 ballot.

The U.S. Supreme Court’s Feb. 29 decision to not hear an appeal by New Jersey labor groups challenging Gov. Chris Christie’s authority to cut pension payments is a credit positive for the Garden State since it retains an ability to annually determine contribution levels, according to Moody’s Investors Service.

A bill to give New Jersey increased power over Atlantic City finances advanced in the State Senate.

New Jersey Republican State Sen. Joseph Pennacchio is proposing beefing up pension funding in the state’s 2017 budget.

In a case that could prove pivotal to New Jersey’s future credit rating, the state’s Supreme Court will hear oral arguments on March 14 to determine if annual cost of living adjustments to retirees' pension benefits need to be restored.

With a strike deadline looming, New Jersey Transit and a coalition of 11 railroad labor unions are negotiating to avoid a shutdown of its commuter rail system.

Ongoing budget woes in Paterson, N.J. that led to a one-day government shutdown on March 1 are a credit negative for New Jersey’s third largest city, according to Moody’s Investors Service.

New Jersey is experiencing a deterioration of its credit quality with spreads widening in state-issued debt, according to Janney Capital Markets.

New Jersey Gov. Chris Christie's veto of scheduled contributions to the state's pension fund won't be heard by the U.S. Supreme Court, providing short-term budget relief but leaving the state's pensions underfunded.