State of New Jersey

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.

State funding hasn't kept pace with expenses, and will continue to be constrained by other fiscal priorities.

Gov. Phil Murphy’s administration is exploring a large bond sale to fund equipment upgrades for the commuter rail and bus system.

The New Jersey Department of the Treasury released $53.7 million of $104.8 million in suspended transitional aid.

Phil Murphy wants to put a $500 million bond referendum before voters to help pay for making the state’s water systems lead-free.

New Jersey Gov. Phil Murphy is targeting voter-approved bond funding to tackle lead remediation projects at schools throughout the state.

Variables related to other post-employment benefit liabilities jeopardize core services in the tri-state area, said the Manhattan Institute.

Two incentive programs expired on July 1, and Gov. Phil Murphy vetoed a bill to extend them unchanged.