New Jersey

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.

New Jersey Governor Chris Christie and New York Governor Andrew M. Cuomo delivered a letter to President Barack Obama Tuesday outlining a framework aimed at achieving funding for a new trans-Hudson commuter rail tunnel.

Tuesday’s ouster of United Airlines’ CEO Jeff Smisek and two senior officials at the carrier in the midst of a federal investigation related to dealings with the Port Authority of New York and New Jersey has brought new scrutiny to the transportation agency.

Multiple New Jersey public sector unions have petitioned the U.S. Supreme Court to review a recent state Supreme Court ruling that allowed Gov. Chris Christie to cut pension funding.

The Port Authority of New York and New Jersey’s reform legislation and priorities for its 10-year capital plan will be examined during hearings scheduled for Sept. 10 before the New Jersey Senate Legislative Oversight Committee.

The Casino Association of New Jersey is pressing New Jersey Gov. Chris Christie to not delay in signing an Atlantic City financial assistance package so that the financially-strapped city can collect much-needed revenue in 2015.

New Jersey’s Stockton University held a special meeting to discuss offers it has received for the former Showboat Casino Hotel property in Atlantic City.

The reconstruction New York's LaGuardia Airport could trigger more public-private partnerships including the proposed air-train connector, P3 experts say.

New Jersey's long track record of "strong state oversight" has thus far helped avoid struggling Atlantic City from filing for bankruptcy, according to a new report from Pew Charitable Trusts.

New Jersey Gov. Chris Christie signed legislation on Aug. 25 authorizing new funding for wastewater infrastructure and clean drinking water projects across the state.

New Jersey's bid to legalize sports betting has once again been shot down by a federal appellate court.

Legislation signed on Aug. 10 by New Jersey Gov. Chris Christie creating a statutory lien on appropriated state aid for bonds issued by the Municipal Qualified Bond Act is a credit positive for bondholders in the Garden State, according to Moody's Investors Service.

The New Jersey Economic Development Authority (NJEDA) is selling $2.2 billion in bonds next week marking the largest deal in the municipal market so far in 2015.

New Jersey’s already low A2 rating could slip more if the state Supreme Court rules in favor of retirees in a pending case, according to Moody’s Investors Service.

Fitch Ratings revised New Jersey's outlook to stable from negative saying that "the state's near-term budget risks have abated."