New Jersey

New Jersey's Municipal Qualified Bond Act is helping distressed Atlantic City, N.J. access the bond markets this month with deals that highlight the role state credit enhancement programs can play.

The Internal Revenue Service has closed audits with no changes to $1.38 billion of Build America Bonds issued by the New Jersey Turnpike Authority in 2009 and bonds from a $26.56 million mortgage revenue and refunding issue sold by Lakeland, Fla. in 2008.

The New Jersey Supreme Court heard testimony in a case challenging Gov. Chris Christie's decision to reduce scheduled contributions toward state employees' pensions.

The Port Authority of New York and New Jersey is moving ahead with plans to replace Newark Liberty International Airport's aging monorail service.

Planned general obligation taxable refunding bonds slated to be issued by Atlantic City under New Jersey's Municipal Qualified Bond Act have been assigned an A-minus rating and stable outlook by Standard & Poor's.

Standard & Poor's kept Atlantic City on credit watch negative in a new report released April 30 as the struggling gambling hub seeks short-term options to avoid a long-term bankruptcy.

Increasing foreclosure levels in Atlantic County, N.J., are a credit negative for the government, hit hard by Atlantic City's recent casino struggles, according to Moody's Investors Service.

Atlantic City's Casino Reinvestment Development Authority will soon have a new leader after the New Jersey agency's longtime chairman James Kehoe announced on April 21 he is stepping down from the post.

Major revenue collections in New Jersey are up so far in 2015 compared to the previous year, according to State Treasurer Andrew Sidamon-Eristoff

New Jersey's Atlantic County led U.S. metropolitan areas in foreclosures during the first quarter of 2015, according to new data.

New Jersey's credit rating was cut one notch with a negative outlook by Moody's Investors Service, which cited the state's budget and pension funding struggles.

A Florida developer and a Southern New Jersey university are looking to spearhead a renaissance in Atlantic City.

New Jersey Gov. Chris Christie has announced a $202 million resiliency project aimed at bolstering storm protection for Union Beach, N.J.

Recent news signals continued trouble for Atlantic City, N.J., according to Moody's Investors Service.

The New Jersey Supreme Court agreed on April 6 to hear the state's appeal of a Superior Court ruling that sided with unions who sued Gov. Chris Christie after he stripped $1.6 billion of pension contributions from the budget.

Atlantic City, N.J. has received a 60-day extension on a $40 million state loan due on March 31 on the heels of an emergency manager report that suggested bond restructuring as a possible solution to boost the struggling city's finances.

The Atlantic City, N.J. emergency manager’s suggestions for tackling the city's fiscal crisis are a credit negative as they open the door to default, according to Moody's Investors Service.

Standard & Poor's is reviewing its Atlantic City, N.J. BB bond rating in response to a new emergency manager report indicating possible debt payment delays this year.

Atlantic City Emergency Manager Kevin Lavin released a 60-day interim report Tuesday that does not mention bankruptcy but suggested a bond restructuring as one way to help the city's finances.

Municipalities in fiscal crisis faced diminished abilities to manage federal grants because of workforce reductions, decreased financial capacities and outdated information technologies, the U.S. Government Accountability Office concluded in a report.