Standard & Poor's has concerns about the $32.9 billion budget for fiscal 2014 that New Jersey Gov. Chris Christie proposed in late February.

The budget's revenue expectations could be challenging to meet and the financial impact from Hurricane Sandy remains unclear, credit analyst John Sugden wrote. The impact of the federal fiscal consolidation on New Jersey is also a concern.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.