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FY2020 Budgets: More Investment and Stable Fares |
FY2020 Budgets: More Investment and Stable Fares
The NJ TRANSIT Board of Directors has approved the Corporation’s capital and operating budgets for FY2020 (July 1, 2019, to June 30, 2020), keeping fares stable and supporting continued investments in personnel, infrastructure and equipment, and enhancing the overall customer experience.
The budget includes an additional $150 million in general fund support from the State of New Jersey for a total subsidy of $457.5 million, the largest NJ TRANSIT general fund subsidy in state history.
The capital program continues state-of-good-repair investments in transit stations and infrastructure, investments in the Northeast Corridor, fare modernization, safety initiatives, bus and rail car purchases, Positive Train Control installation, system expansion, and support for local mobility programs.
FY2020 budget highlights include:
- No fare increase for FY2020.
- Expansion of personnel in bus, rail, light rail and police operations.
- Hiring more locomotive engineer and conductor trainees.
- More support personnel at the Access Link paratransit call center.
- Support of our new Customer Experience unit that proactively assesses all customer touchpoints to ensure deficiencies and customer needs are promptly met.
- Safety and security enhancements with the hiring of 19 additional police officers and five system safety workers.
- Investments in infrastructure, including new and/or existing bridges, tracks, substations, electric traction and signal systems, and rail yard expansion.
- Investments in rail cars, locomotives, buses, Access Link vehicles and customer facilities.
- Continued support for mobility services for senior citizens and customers with disabilities in urban and rural areas.
More than 40 percent our operating budget revenue in FY2020 is funded by customer revenue. The remaining amount comes from a combination of commercial revenue and state and federal resources. Approximately 53 percent of the capital budget comes from the State Transportation Trust Fund (TTF), with 42 percent from federal funds and five percent from other sources.