New Jersey

New Jersey Gov. Phil Murphy proposed $815 million in funding from the Corporate Transit Fee to support NJ Transit in his fiscal 2026 state budget address.

Forbes has recognized NJ Transit as one of the best places to work for the fifth straight year and one of the best large employers in the nation on the 2025 Forbes America’s Best Employers List for the second consecutive year.

With Gov. Phil Murphy’s Fiscal 2026 budget address approaching on Feb. 25, the New Jersey Business & Industry Association wants the $1 billion Corporate Transit Tax levied on New Jersey’s largest job creators to be fully dedicated to its intended target – NJ Transit.