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Shifts in smoking habits and increasing tobacco restrictions drove two downgrades of the New Jersey Cigarette Tax Revenue Bonds.
April 15 -
A key New Jersey link to the long-stalled Gateway Tunnel project under the Hudson River into Manhattan cleared a major barrier for federal funding Monday and now awaits clearance from the White House.
February 11 -
The muni market saw the last issuance of the week come and go; the front end of the curve were stronger than the long-end.
January 9 -
The municipal bond market started off the week adopting a cautious tone, eyeing issuance and world events.
January 6 -
The New Jersey Economic Development Authority will sell the debt to fund 600 buses and 17 trains.
December 13 -
Investors downed a deluge of munis in what so far is living up to the billing of the busiest week of the year.
November 6 -
Two incentive programs expired on July 1, and Gov. Phil Murphy vetoed a bill to extend them unchanged.
September 13 -
Federal funding would be reduced to 44% from 49% of the cost of the Gateway project, which had been blocked by the Trump administration.
August 26 -
Investors are also facing the imbalance of summer reinvestment season and the typical mid-year volume deceleration in July and August.
July 18 -
The head of the entity overseeing the Gateway initiative lays the delays at the foot of the Trump administration.
February 20