New Jersey
Developer axes New Jersey’s flagship offshore wind energy project
Two major state-backed offshore wind farm projects in New Jersey were canceled by Ørsted, which cited growing impairments and sustained marketplace pressures.
Read MoreNew Jersey tax revenue continues to slide in new fiscal year
In September, New Jersey’s combined revenue streams were down 5.1% year-over-year, marking a continued slide across the first quarter of fiscal year 2024.
Read MorePort Authority of N.Y., N.J. affirmed ahead of $1.08 billion refunding
The Port Authority of New York and New Jersey will bring affirmations of its AA-minus level ratings to its next bond deal, a refunding expected in September.
Read MoreAnother payment miss expected for grant-backed American Dream bonds
Tax-exempt bonds issued for the American Dream mega mall backed by New Jersey economic development grants are poised to miss a third straight interest payment.
Read MoreNJ Transit, facing fiscal cliff, nudges spending up, avoids fare hike
The fiscal 2024 budget features new spending without a fare hike or clear indication of when a dedicated funding stream for the state transit operator will be found.
Read MoreBenjamin S. Wolfe, former public finance banker, dies at 85
Mr. Wolfe worked at Goldman Sachs, Prudential Securities, E-Bond Trade.com, Merrill Lynch and ButcherMark Financial Advisors. He also led the Illinois Health Facilities Authority and had advisory roles for the city of Phoenix, New York City Health and Hospitals Corp. and Dartmouth College.
Read MoreNew Jersey lawmakers approve record budget with new spending
The $54.3 billion spending plan for fiscal 2024 is $5.4 billion larger than last year’s and $1.2 billion more than the proposal Gov. Phil Murphy pitched in February. It features tax-relief programs and tax code changes.
Read MoreNew Jersey Senate Committee approves corporate business tax overhaul
The bill includes provisions to reduce the state’s CBT rate and shield some overseas profits from local taxes.
Read More
