N.J. Transit Board of Directors has adopted a $2.6 billion operating budget for the 2021 fiscal year.
It also approved an $11.2 billion capital budget for projects already funded and nearly $5.8 billion for “proposed projects for which funding has yet to be identified,” but that are vital to its operations.
This budget does not include a fare increase for FY 2021.
“The budgets presented today allow NJ TRANSIT to continue to provide necessary service to our customers and make improvements to an aging system,” NJDOT Commissioner and N.J. Transit Chair Diane Gutierrez-Scaccetti said in a news release. “We are grateful for the Federal CARES Act relief that is integral to continuing NJ TRANSIT’s operations during this challenging time. We look forward to implementing a robust capital program that will provide both the service and facilities that our customers deserve.”