Municipal Bond Credit Report: Jersey City’s Port Authority tax settlement sets stage for growth

Municipal Bond Credit Report: Jersey City has settled a financial dispute with the Port Authority of New York and New Jersey, positioning the Garden State’s second-most-populous city for continued economic momentum. The city, a short train ride across the Hudson River from Manhattan, filed a more than $400 million federal lawsuit against the Port Authority four years ago claiming the bi-state agency hadn’t delivered on tax agreements for dozens of properties…. Link to Story