State of New Jersey

Financial damage from the COVID-19 pandemic forced New Jersey Gov. Phil Murphy to retreat from plans to build up the state’s reserves.

S&P Global Ratings follows Moody's Investors Service in revising state’s credit outlook downward on revenue losses from COVID-19 pandemic.

The state's tough budget position was underscored by an agreement with noteholders to extend a $750 million maturity while paying them higher interest.

Financial strains from COVID-19 were the primary factor in downgrading the state to A-minus from A. The outlook was revised to negative from stable.

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

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

The Garden State is extending its 2020 fiscal year calendar by three months in an effort to fully gauge economic fallout from the ongoing COVID-19 pandemic.

Gov. Phil Murphy’s administration places nearly $1 billion of discretionary spending in reserve through the 2021 fiscal year amid economic struggles from virus.

The New Jersey state teachers' union and state Senate President Steve Sweeney announced an agreement to lower school district and employee healthcare costs.

After years of contentious state budget battles over NJ Transit, state Senate President Steve Sweeney is proposing a permanent funding solution.

The Democrat unveiled a $40.9 billion FY 2021 spending plan that again pushes for higher taxes on incomes above $1 million.

The region's bond issuers sold $113.3 billion of debt in 2019, a 16.8% increase from 2018 fueled largely by a spike in taxable deals.

A coalition of left-leaning lobbying groups are pushing new tax proposals that could raise $3.1 billion of new annual revenue ahead of Gov. Phil Murphy unveiling his annual fiscal plan.

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.

Gov. Phil Murphy’s administration had held funds in reserve since July citing concerns about revenue projections.

The New Jersey governor is continuing his push for a tax on incomes above a million dollars after lawmakers rebuffed him during his first two years in office.

Four large competitive deals stole the show on Tuesday, including New Jersey's first general obligation sale in a little more than three years.

The municipal bond market started off the week adopting a cautious tone, eyeing issuance and world events.

Analysts expect Tuesday's $325 million competitive pricing will garner strong demand from investors seeking higher yields.

The muni market finished out the last day of 2019 on a quiet note, with no deals priced and yields ending little changed.