Northeast

Phil Murphy is developing an emergency borrowing plan to combat revenue loss amid the coronavirus pandemic.

Their governors are pressing the Trump administration to support more relief that directly addresses revenue blows

One of the nation’s largest transportation borrowers issued its first bond disclosure about the fiscal impacts from the COVID-19 pandemic.

Shifts in smoking habits and increasing tobacco restrictions drove two downgrades of the New Jersey Cigarette Tax Revenue Bonds.

The pending deal with a Bank of America-led syndicate would enable the commonwealth to draw down needed finds while tax revenues are deferred.

Volume is down sharply across the Port Authority of New York and New Jersey's transportation assets since the March COVID-19 outbreak.

The rating agency affirmed its A3 rating of the state's general obligation bonds; the outlook revision affects $35.9 billion of debt.

Fitch follows Moody's in revising the Empire State's debt to negative from stable.

New York’s new state budget provides flexibility to deal with near-term revenue hits from COVID-19, but it has little bandwidth to withstand a deep recession.

Brodsky, who died of suspected complications from COVID-19, is remembered as a tenacious public official and a skilled debater.