The New Jersey Transit Board of Directors adopted the agency’s operating budget for Fiscal Year 2026, as well as its local programs budget and authorized capital funding, the board said this week.
Board members said the budgets continue to invest in infrastructure, as well as equipment to maintain the system and to enhance the overall customer experience.
“Thanks to Governor Murphy’s support, NJ TRANSIT has the funding it needs to maintain its critical transportation services,” DOT Commissioner and NJ TRANSIT Board Chair Fran O’Connor said. “These services drive the economy and promote sustainable transportation throughout the region.”
The approved operations budget totals $3.126 billion, while the capital funding for FY 2026 totals $1.7 billion, officials said. Included in the operating budget was costs associated with the approximately 12,000 employee workforce and other operations, as well as expenses like materials, fuel and power, utilities and outside services, and contracted transportation services like Access Link, private carrier buses and Hudson-Bergen Light rail operation and maintenance. Officials said the Capital funding appropriation will provide funds for critical capital projects, and comes from sources like the Federal Transit Administration, the Federal Highway Administration and money from the New Jersey Transportation Trust Fund, as well as state casino revenue, and Turnpike Authority funds.
“Together, the operating and capital budgets allow us to deliver safe, reliable service today while investing in the infrastructure that will shape a better customer experience tomorrow,” said NJ TRANSIT President & CEO Kris Kolluri. “Every element of this funding supports our mission to make public transit more reliable, accessible, and responsive to the needs of our riders.”