Skip to main content



Board of Directors Continue Governor Murphy’s Commitment to Keep Fares Stable While Advancing Critical Infrastructure Projects, Fleet Modernization and Customer Experience Improvements

July 20, 2022

NEWARK, NJThe NJ TRANSIT Board of Directors today adopted the Fiscal Year 2023 (FY 2023) operating budget and updated capital plan that supports continued investments in personnel, infrastructure, and equipment to maintain the system in a state-of-good-repair and enhance the overall customer experience.   

“Governor Murphy’s steadfast commitment to improving NJ TRANSIT is demonstrated through the resources provided in the FY 2023 budget. This operating budget will support continued system improvements while keeping fares stable,” said New Jersey Department of Transportation Commissioner and NJ TRANSIT Board Chair Diane Gutierrez-Scaccetti.

“The FY23 budget and update to our 5-Year Capital Plan are critical to not only maintaining the services we currently provide, but also making sure we are prepared for future demands,” said NJ TRANSIT Board Vice-Chair Cedrick Fulton. 

“The operating and capital funding allows us to continue to build on the progress we’ve made through new vehicle purchases, new and upgraded infrastructure, and hiring the personnel necessary to further improve the customer experience,” said NJ TRANSIT President & CEO Kevin Corbett. “This budget is a roadmap for how we will maximize our resources and spend every dollar wisely to deliver the world-class transit service New Jersey residents expect and deserve.’’

The Board adopted a $2.75 billion operating budget and $2.64 billion in capital investments for FY 2023. 

This budget does not include a fare increase for FY 2023.

26 percent of the revenue in the FY 2023 operating budget comes from passenger fares. The remaining amount comes from dedicated funding from the New Jersey Turnpike Authority, which is $721 million in FY23, in addition to federal COVID-19 relief money, and a combination of commercial revenue and state and federal resources.

FY 23 Operating Budget

Approximately 61 percent of the operating budget is dedicated to costs associated with labor and fringe benefits. Other significant expenses include purchased transportation which represents 10 percent of total operating expenses.  Expenses including materials, fuel and power, utilities, and outside services represent the remaining 29 percent of the total operating expenses. The budget also allows for the expansion of personnel in key areas within bus, rail, light rail, police operations, and strategic administrative support services.


Ensure the reliability and continued safety of our transit system

The FY 2023 Budget includes $10.1 million for additional operational staffing in Rail Infrastructure / Engineering, Mechanical, and Transportation departments. In addition, $1 million is included for additional police positions to increase police visibility on all modes.  The budget also includes funding for increased Light Rail vehicle maintenance and additional Office of System Safety positions including safety training, COVID-19 response, community outreach, accident/incident investigations.

Deliver a high-quality experience for all our customers

The FY 23 budget will fully fund 129 Bus positions for service enhancements. It will support the redesign of the Newark Bus System and Newark Micro-Transit initiative and the assumption of contracted bus routes.


Build an accountable, innovative, and inclusive organization

The FY 23 budget will include enhanced recruitment for the HR Department, employee engagement, and candidate experience along with additional Procurement positions.


The FY 2023 update to A Five-Year Capital Plan continues to prioritize investments in infrastructure to maintain an overall state-of-good-repair, enhance reliability, safety, and resiliency as well as improve the overall customer experience on the system.  A Five-Year Capital Plan is an unconstrained vision of projects to demonstrate opportunities for safety, service, reliability, resiliency, sustainability, and other improvements critical to NJ TRANSIT.

A Five-Year Capital Plan contains two sets of projects – the first set includes projects already funded by existing or expected resources. The second set identifies proposed projects for which funding has yet to be identified but is vital to NJ TRANSIT’s service delivery.

The capital budget includes approximately $814 million from the Debt Defeasance and Prevention Fund to be invested in upgrades to major terminals and public facilities and rail station modernization including $191 million for Newark Penn Station​, $176 million for Hoboken Terminal​, $250 million for Walter Rand Transportation Center, $48 million for Bloomfield Station​, $33 million for Brick Church Station​, $49 million for New Brunswick Station​ and $27 million for Roselle Park Station. The budget also directs $40 million for the Northern Maintenance of Way (MOW) Facility in Clifton.

The Capital Plan continues to invest in infrastructure, which includes a funding increase of $191 million from the Infrastructure and Investment and Jobs Act for projects including the agency-wide state of good repair program​, the midlife overhaul of the River LINE fleet​, as well as rail infrastructure & facilities projects. It also includes design projects for critical future investments including the design for Northern Bus Garage and

NJ TRANSIT’s Bus Garage Modernization Program as well as key early construction activities for HBLR Route 440 expansion.

The FY23 Capital investments also include a $40 million funding increase for customer facing technologies including Bus farebox replacement and modernization​ and Light Rail and Rail faregate replacement and modernization.

NJ TRANSIT’s capital funding allocation is $2.64 billion which is an increase of $1.045 billion above last year’s approved amount of $1.59 billion​.

The additional $1.045 billion is derived from a number of new sources: ​$814 million from the New Jersey Debt Defeasance and Prevention Fund, ​$191 million from the Infrastructure Investment and Jobs Act (IIJA) funds​ and $40 million from the State Fiscal Recovery Fund.  Outside of this additional funding, the base plan for capital investments is supported by $760 million from the state Transportation Trust Fund (TTF), $600 million from the Federal Transit Administration (FTA), $100 million from the FTA CIG program, $75 million from Federal Highway Administration (FHWA).


NJ TRANSIT is the nation's largest statewide public transportation system providing more than 925,000 weekday trips on 253 bus routes, three light rail lines, 12 commuter rail lines and through Access Link paratransit service. It is the third largest transit system in the country with 166 rail stations, 62 light rail stations and more than 19,000 bus stops linking major points in New Jersey, New York and Philadelphia.