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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.