The Office of Public Finance oversees the issuance of debt, which is paid for by the State of New Jersey, in a manner consistent to achieve the lowest cost of capital.
This office is the cognizant agency for all credit considerations affecting the State of New Jersey in the capital markets. Additionally, this office has responsibility for the timely and accurate tracking and reporting of all State of New Jersey debt issuance.
The State of New Jersey issues bonds to finance transportation projects, schools, open space, water facilities, public buildings and other essential programs.
These bonds, issued by the State or its Independent Authorities, have typically been sold to mutual funds, insurance companies, banks and individuals.