N.J. avoids credit rating downgrade despite pension, road funding woes

assetContentTRENTON — A Wall Street ratings agency on Monday left New Jersey’s credit rating unchanged though it’s “cautious” on the state’s ability to meet its revenue forecasts this year. Fitch ratings noted that despite the state’s more conservative revenue forecasting in recent years — a departure from years of overly optimistic estimates that left big holes… Read the rest of this entry »

Posted: August 16th, 2016 | Author: | Filed under: New Jersey, New Jersey State Budget | Tags: , , , | Comments Off on N.J. avoids credit rating downgrade despite pension, road funding woes

NJ debt downgraded for fifth time under Christie

NJ debt downgraded for fifth time under Christie (via NJ.com)

TRENTON — A major Wall Street credit-rating agency downgraded New Jersey’s debt again Thursday, unnerved by “both the scale and belatedness” of an $807 million budget gap disclosed this week by Gov. Chris Christie’s administration. The action…

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Posted: May 2nd, 2014 | Author: | Filed under: Chris Christie, Christie Administration, New Jersey, New Jersey State Budget | Tags: , , , , | 2 Comments »