NJ Transit adopts $3.15 billion 2026 operating budget

NJ Transit Board adopts $3.16B operating budget, $1.7B in capital funding for FY 2026 - WRNJ Radio

NEWARK, N.J. — The NJ TRANSIT Board of Directors on Thursday approved the agency’s Fiscal Year 2026 operating and capital budgets, advancing investment in infrastructure, workforce, and services that support public transportation across New Jersey. The board adopted a $3.16 billion operating budget and $1.684 billion in capital funding for the upcoming fiscal year. Officials say the funding will ensure continued progress on system upgrades and h…

NJ Transit adopts $3.15 billion 2026 operating budget

NJ Transit’s board of directors approved a $3.15 billion operating budget July 17, the agency’s largest ever, and a 5% increase from the current spending plan. The budget includes for the first time an automatic annual 3% fare hike taking effect this year and the first revenues from Gov. Phil Murphy’s Corporate Transit Fee.  NJ Transit, the nation’s second-largest public transportation system, said fiscal year 2026 capital funding appropriation …