The NJ Transit Board of Directors has adopted the agency’s fiscal 2026 operating budget, local programs budget and authorized capital funding.
Officials said the budgets continue investments in infrastructure and equipment to maintain the system in a state of good repair and enhance the overall customer experience.
“Together, the operating and capital budgets allow us to deliver safe, reliable service today while investing in the infrastructure that will shape a better customer experience tomorrow,” NJ Transit President & CEO Kris Kolluri said in a statement. “Every element of this funding supports our mission to make public transit more reliable, accessible, and responsive to the needs of our riders.”
The Board adopted a roughly $3.16 billion operating budget and about $1.7 billion in capital funding for fiscal 2026.
Thirty-one percent of the revenue in the FY 2026 operating budget comes from customer fares. The remaining amount comes from dedicated funding from the New Jersey Turnpike Authority, which is $470 million in FY 2026, $789 million from the corporate transit fee and a combination of commercial revenue and state and federal resources.
Approximately 60% of the operating budget is dedicated to costs associated with labor that supports a workforce of approximately 12,000 employees. Expenses including materials, fuel and power, utilities, and outside services represent 22 percent of the total operating expenses.
Contracted transportation services, such as Access Link, private carrier buses and Hudson-Bergen Light Rail and River LINE operation and maintenance represent 10.6 percent of total operating expenses.
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