New Jersey

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diminished abilities to manage federal grants because of workforce reductions, decreased financial capacities and outdated information technologies, the U.S. Government Accountability Office concluded in a report.

Newark, N.J. Mayor Ras Baraka is calling for the power to establish new taxes for users of the city's airport and seaport as way to raise additional revenue.

Seven financially-strapped New Jersey municipalities were placed on review for a possible downgrade on March 13 by Moody's Investors Service citing a heightened risk of state aid cuts.

New Jersey and Pennsylvania’s public pension systems were the nation’s most underfunded from 2001 to 2013, according to the National Association of State Retirement Administrators.

A New Jersey solar energy project that was envisioned as a national model for public-private partnerships has been clouded with legal woes, but recent settlements could bring it back into the sunlight.

A Feb. 24 proposal from New Jersey Pension and Health Benefit Study Commission provides a "roadmap" to address high costs associated with the state's retiree benefit programs, according to Build America Mutual.

A Feb. 23 New Jersey State Superior Court ruling saying pension contributions are contractually protected is a credit negative for the Garden State since it adds a further obstacle to cutting future employee benefits that will further pressure budgets, according to Moody's Investors Service.