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The Garden State defers nearly $2 billion of spending into the new fiscal year, which could force them to make difficult choices in the fall.
July 7 -
New Jersey Transit’s capital funding needs could get a boost from GOs if state lawmakers green light a proposal authorizing in new debt for the state.
June 10 -
Measure seeking billions of general obligation bonds without voter approval cleared General Assembly late last week but faces uncertain fate in the State Senate.
June 8 -
Gov. Phil Murphy’s $5 billion emergency bond plan to patch revenue gaps caused by the COVID-19 pandemic faces an uncertain future in the state legislature.
May 29 -
With postponing expenditures and the rainy-day fund withdrawal, the state still forecasts a yearend surplus.
May 26 -
The Garden State may be facing a more than $10 billion shortfall through the end of next fiscal year, according to Treasurer Elizabeth Maher Muoio.
May 14 -
Financial damage from the COVID-19 pandemic forced New Jersey Gov. Phil Murphy to retreat from plans to build up the state’s reserves.
May 5 -
S&P Global Ratings follows Moody's Investors Service in revising state’s credit outlook downward on revenue losses from COVID-19 pandemic.
April 30 -
The state's tough budget position was underscored by an agreement with noteholders to extend a $750 million maturity while paying them higher interest.
April 24 -
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.
April 21