Christie’s Cuts in Aid Imperil Moody’s Ratings for Six Cities
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Six New Jersey cities including the capital, Trenton, have their credit ratings under review for possible downgrade by Moody’s Investors Service after losing aid in Governor Chris Christie $29.7 billion budget.
The notice came hours after the Democrat-led state Senate failed yesterday to override Christie’s veto of $139 million in so-called transitional aid to some of the poorest cities.