New Jersey Transit
Home > NJ TRANSIT News > FYI > Budgets Approved

The NJ TRANSIT Board of Directors has approved the agency's operating and capital budgets for Fiscal Year 2015 (July 1, 2014 to June 30, 2015).

The $2 billion operating budget is good news for customers, holding fares stable for the fifth consecutive year and maintaining existing service levels despite rising fuel, power and other costs.

NJ TRANSIT's $1.2 billion capital program includes funding for state-of-good-repair projects, reliability and safety improvements, and improvements that enhance the customer experience. Among the significant investments:

  • Fleet storage and maintenance expansion on the Northeast Corridor.
  • Overhaul work on bus and rail equipment.
  • Purchase of Access Link vehicles.
  • Increased seating capacity on the Hudson-Bergen and Newark Light Rail systems.

Additional capital funds will cover rail station improvements and accessibility upgrades, bus, rail and light rail fleet modernization, and security and technology upgrades.

More Articles