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Jersey City Bond Refinancing

Cash Flow Savings From Proposed Bond Refinancing

$300 MILLION DEBT RESTRUCTURING MARKS MILESTONE IN JERSEY CITY FINANCIAL HISTORY-“Mother of all Refis”

Jersey City—Reshaping Jersey City’s debt structure in the largest financial transaction in the City’s history could mark a milestone in the City’s financial development. All eyes are on the progress of the proposed transaction that has already received high praise from the State’s Local Finance Board. That board voted 7 to 1 in favor of the proposal now wending its way torturously through municipal process between the administration and the city council. The proposed transaction represents not just the Bandaid this time but the comprehensive solution for all time to numerous problems that have been dogging the city for years. This special section puts together all in one place all related material concerning this transaction with updates as new developments unfold. Supporting primary source material, documents, charts, tables, graphs, and memos are available.

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