Politics

New Jersey lines up $400M sale with outlook boost

The P3 taxable deal aims to replace the state’s old, dilapidated and outdated jails with more modern alternatives in a bid to ease prison overcrowding and provide new services to inmates.

Recent budgetary and pension reports underscore how llinois must proceed with caution in spending $7.5 billion of federal aid.

While state budget language restricts the governor's use of $1.3 billion of bonding, he has other options as transit advocacy groups push back.

Texas A&M University System purchased the privatized housing at three campuses through a taxable revenue bond deal.

Buoyed by a ratings upgrade from Moody's, the state still faces challenges including high debt and legacy costs.

Business leaders and budget watchdogs ask whether the $212 billion spending plan would set up the state and its anchor city for a fall.

It was the second month in the last 12 to show a year-over-year increase.

Top lawmakers bought time amid pressure from unions and progressive legislators.

Lawmakers packaged revenue, social justice and market positioning while flexing political muscle when they voted to legalize marijuana.

MTA and regional transportation advocates welcome the news that the Federal Highway Administration is advancing the project.

The governor pointed out the advantages of the current low interest-rate market environment and the state’s low debt levels.

Lawmakers approved a Golden State Stimulus that provides relief to businesses and $600 checks to low-income residents on the strength of an earlier-reported surplus.

The legislature's GOP-controlled Joint Finance Committee will craft a two-year capital plan after rejecting Gov. Tony Evers' $2.4 billion plan for only the second time in recent history.

An agreement between Gov. Ned Lamont and Connecticut tribal nations opens the door for the state to compete with its Northeast neighbors.

Nineteen states recognized delayed payments due to last year's IRS delay in the tax deadline to July 15.

Dynamics at play in New Jersey include the pandemic, an election year, massive borrowing, significant federal aid and a major pension liability problem.

The budget, a continuation from the previous fiscal year, was called too austere by some critics.

Advocates for state and budget officials say there is enough ambiguity in the legislation to warrant guidance from the Treasury Department.

Planning will require favorable tax policies, sophisticated capital programing, bond financing, and pioneering public-private partnerships. It also requires a cohesive national, bipartisan infrastructure plan as a foundation to begin addressing this impending infrastructure crisis.