NJ Transit approves $3.5 billion budget

NJ Transit's board voted Thursday to raise spending 11% over the prior year's budget after facing financial headwinds.

By: Nikita Biryukov

Outlets: New Jersey Monitor

Published: July 16, 2026

Words: 699

Last Updated: 5 days, 4 hours ago

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NJ Transit’s board approved $3.5 billion in spending for the fiscal year that began July 1, the largest operating budget in the agency’s history.

The new budget represents an 11% increase over the one approved last year and comes after 12 months of fiscal headwinds that saw the collections from the agency’s dedicated revenue source tumble and its spending on labor and benefits surge beyond expectations.

“This governor is the only governor …

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