Bus

NJ Transit passes FY 2014 budget

Posted on July 11, 2013

The New Jersey Transit (NJ Transit) board of directors approved a Fiscal Year 2014 (FY 2014) operating budget that calls for no fare increase for the fourth consecutive fiscal year. The new budget also includes a capital program that supports continued investments in infrastructure and equipment to maintain the system in a state of good repair and improve the overall customer experience.

“This budget will enable us to maintain and enhance New Jersey’s robust transportation system while responding to the needs of the customers who rely on our service to conduct life’s daily business,” said NJ Transit Executive Director James Weinstein. “We made a commitment to continue to hold the line on customer fares, and we are delivering on that commitment by implementing sustainable and fiscally responsible operating and capital programs.”

The board approved a $1.941 billion operating budget and a $1.228 billion capital program for the fiscal year that started July 1, 2013.

Nearly one-half of the revenue in the FY 2014 operating budget comes from fares ($920.6 million), with the balance from a combination of commercial revenues ($113 million) and state operating assistance ($73.2 million) as well as other state and federal reimbursements ($834.2 million).

The capital program funds continued state-of-good-repair investments in transit stations and infrastructure supports an ongoing fleet modernization program and advances service reliability, safety and technology initiatives.

View comments or post a comment on this story. (0 Comments)

More News

N.Y. shuttle provider adding 12 New Flyer clean-diesel buses

Golden Touch, a subsidiary of Transdev North America, will deploy the buses at John F. Kennedy International Airport to support the expansion of Delta Air Lines’ JFK Jitney Shuttle service that Golden Touch operates.

INIT, OCTA launch mobile e-fare system

With OC bus mobile, riders can now scan a QR code from their smartphones on the INIT validators to pay for fares when boarding.

Broward County Transit adds 30 MCI Commuter Coaches

The new 2018 models will join 14 other MCI Commuter Coaches the agency purchased in 2014 and 2015.

Calif.'s OCTA adding more New Flyer CNG buses

The buses will be used on OCTA’s Bravo! 529 Rapid Bus Service, which is Orange County’s rapid bus service that skips stops to decrease commute time.

Schetky Bus and Van Sales opens Ariz. office

The national distributor of commercial buses, school buses, and mobility vans is also committed to providing Arizona with their brand of best-in-class customer service and support.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Luxury Coach & Transportation

Please sign in or register to .    Close