NJ Gov. Murphy Delivers new Money for NJ Transit. Now, NJ Transit Has to Deliver Better Service.

Fare Increase Not A Part Of Murphy's Plan For NJ Transit Budget

Rate hikes are not part of Governor Murphy's plan to inject $242 million of new funding into NJ Transit next year. Murphy Tuesday outlined how the 172 percent funding increase will be allocated for the agency's Fiscal Year 2019 budget, which is nearly triple of last year's funding amount.

From article, (Rate hikes are not part of Governor Murphy's plan to inject $242 million of new funding into NJ Transit next year.

Murphy Tuesday outlined how the 172 percent funding increase will be allocated for the agency's Fiscal Year 2019 budget, which is nearly triple of last year's funding amount.

Of the $242 million, $120 million will replace non-recurring funding and one-time allocations that the Christie administration used as alternatives to state-appropriations to NJ Transit's operating budget.

Other investments include:

• $19 million to hire 114 bus, rail, light rail and police employees, along with "administrative support services."
• $21 million will fund increase contractual obligations to private transportation carriers that operate the Hudson-Bergen Light Rail, River LINE and certain bus routes, facilities, maintenance, software improvements and other programs designed to improve the "overall health" of the transit system.
• $28 million will correct a shortfall in passenger revenue caused by using unrealistic annual revenue projections.
• $11 million will fund administrative "priorities."
• $4 million will fund bus and rail service expansion to and from New York and the Meadowlands. The expansion is needed due to address overcrowding and the opening of American Dream Meadowlands in March 2019.
• Another $4 million will enhance scheduling, improve communication with the media and the public, and increase service reliability.

"I'm extremely grateful for the Governor's generous support and commitment in his proposed budget that provides NJ Transit with the funding it needs, and without subjecting our customers to a fare increase through Fiscal Year 2019," said NJ Transit Executive Director Kevin Corbett. "It is now up to us to deliver real results for our customers.")

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