NJ TO RECEIVE OVER $1 MILLION IN BANK OF AMERICA SETTLEMENT

The Attorney General’s Office announced today that Bank of America will pay $67 million under a multi-state settlement for its involvement in a nationwide scheme to rig bids and engage in other anti-competitive conduct that defrauded state agencies, municipalities, school districts and not-for-profit entities in their purchase of municipal bond derivatives. The multi-state settlement is…

CHRISTIE, DEMS MEET OVER TOOK KIT CONCEPT

New Jersey Governor Chris Christie has started discussions with democrats in Trenton over the proposed ‘tool kit’ concept that will help local towns meet the new two percent spending cap.  Christie met with Senate President Steve Sweeney and other democrats on Monday as discussions began on what still needs to be done.  Local municipalities throughout…

A.C. AIRPORT EXPANSION BEGINS TODAY

A $25 million project to expand Atlantic City International Airport begins today. For the next 18 months, the airport will undergo a 75,000 square foot expansion, beginning with a groundbreaking ceremony today. AC International saw a significant increase in passengers during the past year and is looking to increase the number of flights and destinations.