New Jersey

The New Jersey Health Care Facilities Financing Authority appears to be settling a tax dispute with the Internal Revenue Service over revenue bonds it issued in 1993 for Deborah Heart and Lung Center, which later entered into a total return swap.

Atlantic City, N.J. was kept on credit watch negative by Standard & Poor’s Wednesday in advance of an updated emergency manager report and an expected decision on a financial assistance package approved by the New Jersey State Legislature.

Despite last week’s downgrades, Illinois’ general obligation paper fares better than New Jersey for relative credit risk, Municipal Market Analytics said in a commentary comparing the two lowest-rated states.

The Port Authority of New York and New Jersey has advanced a plan to move toward replacing its aging Manhattan bus terminal.

In the midst of some New Jersey lawmakers pushing to increase the state’s gas tax to pay for transportation improvements , a majority of residents are against the proposal, according to a new Rutgers University poll.

New Jersey school districts could face higher credit risks from fixes for the state’s “chronic teacher pension underfunding”, according to Moody’s Investors Service.

Three New Jersey State Senate leaders are pressing the Port Authority of New York and New Jersey to authorize construction of a new bus terminal in Manhattan.

Atlantic City’s surviving casinos are showing signs of strength, according to a new study from Stockton University’s Lloyd D. Levenson Institute of Gaming, Hospitality & Tourism.

A New Jersey Senate committee, inspired by a recent Maroon 5 concert, advanced a bill designed to help draw more entertainment to Atlantic City and other cities across the state.

The New Jersey Institute of Technology (NJIT) has broken ground on a new life sciences and engineering facility financed partly by the Garden State's $750 million Building Our Future Bond Act.

Construction costs for the Bayonne Bridge “Raise the Roadway” project have increased and the projected completion is now two years behind schedule, the Port Authority of New York and New Jersey announced.

Atlantic City Mayor Donald Guardian wants to transform his city beyond its longtime reputation as a gambling hub.

Atlantic City’s ability to close a $101 million deficit in its adopted fiscal 2015 budget is a credit positive for a city that has been under distress this year, according to Moody’s Investors Service.

Rutgers University in New Jersey had its long-term credit rating lowered one notch by Standard & Poor’s to A-plus from AA-minus on Sept. 25 due to diminished financial resources.

The New Jersey State Senate pressed the federal government on Sept. 24 to accept a funding proposal for a new $20 billion Gateway rail tunnel project with a bipartisan resolution that passed in a 38-0 vote.

New Jersey’s Local Finance Board has approved Atlantic City’s 2015 budget plan to plug its $101 million current-year shortfall.

Atlantic City has positioned itself to make short-term required debt payments with no plans to enter bankruptcy, according to the city’s revenue director Michael Stinson.

R. Seelaus and Co., Inc. announced on Monday that it has been certified as a Women Business Enterprise by the State of New Jersey.

New Jersey’s Stockton University has reached an agreement to sell the former Showboat Casino Hotel in Atlantic City for $22 million to Philadelphia-based developer Tower Investments.

A campus town center at The College of New Jersey is the newest project to materialize from a public-private partnership program that faces an uncertain future after a five-year run.