N.J. Transit Board Approves Fiscal 2024 Budget

Newark Liberty International Airport Station
A N.J. Transit commuter train pulls into Newark Liberty International Airport Station on May 27, 2016. (Photo by Todd DeFeo/The DeFeo Groupe)

The N.J. Transit Board of Directors today adopted the agency’s fiscal 2024 operating budget, local programs budget and authorized capital funding.

The budgets continue investments in personnel, infrastructure, and equipment to maintain the system in a state-of-good-repair and enhance the overall customer experience, officials said.

“Through the Operating Budget and capital funding approved today, NJ TRANSIT will ensure the continued safety and reliability of our system, deliver a high-quality experience for our customers, and improve our overall service, without imposing any fare increases,” N.J. Transit President & CEO Kevin S. Corbett said. “We are especially proud of our continued collaboration with all 21 New Jersey counties to fund community transportation programs, a critical part of meeting the mobility needs of New Jerseyans who depend on public transportation.”

The Board adopted a $2.86 billion operating budget and $1.73 billion in capital funding for FY 2024. The operating budget does not include a fare increase for FY 2024.

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