Morristown hospital tax case is ‘credit positive’ for N.J. municipalities: Moody’s

The recent tax court ruling that Morristown Medical Center should pay property taxes on nearly all of its 40-acre property is beginning to reverberate across the industry. Moody’s Credit Outlook on Monday declared the decision by Tax Court Judge Vito Bianco to be “credit positive” for Morristown, saying that, if unchanged, it would provide an additional…