
N.J. Transit Approves 2007 Operating, Capital Budgets
NEWARK, N.J. — The N.J. Transit Board of Directors today adopted a $1.5 billion operating budget and a $1.3 billion Capital Program for Fiscal Year 2007 (FY07) that funds the transit system through June 30, 2007. Without raising fares, N.J. Transit will offer three million more miles of bus and rail service than last year to support anticipated record ridership of more than 860,000 passenger trips daily. “Our transportation network is central to our mobility, our economy, and our quality of life,” said Gov. Jon S. Corzine. “We are working to keep transit affordable and encourage transit usage as a