NJT board adopts $3B+ FY2020 operating, capital budgets
The New Jersey Transit (NJT) Board of Directors recently announced that it has adopted a Fiscal Year 2020 (FY 2020) operating budget of $2.39 billion and a $1.42 billion capital program—the budget does not include a fare increase for FY 2020—that aims to support continued investments in personnel, infrastructure and equipment to maintain the system in a state-of-good repair, and enhance the overall customer experience.