NJ Transit study targets $600M in budget cuts, expansion and …

Apr 19, 2024 · A $6.7M feasibility study of NJ Transit would look at cuts, ways to expand service and deliver some early "quick wins" to reform the agency. ... NJ Transit study targets $600M in …

$600
OFF

NJ Transit Study Targets $600M In Budget Cuts, Expansion And …

2 weeks from now

Apr 19, 2024 · A $6.7M feasibility study of NJ Transit would look at cuts, ways to expand service and deliver some early "quick wins" to reform the agency. ... NJ Transit study targets $600M in …

nj.com

$600
OFF

Funding Fight With N.Y. Could Cost N.J. More Than $600M, Lead

2 weeks from now

Jul 22, 2021 · At the worst, advocates fear less funding for New Jersey could result in fare increases or service cuts. At the least, it delayed introduction of NJ Transit’s operating budget …

nj.com

15%
OFF

Legislators Press For Answers On NJ Transit Budget Problems, …

2 weeks from now

NJ Transit’s budget crisis, spending practices and recent decisions to plug its deficits, namely the controversial decision to raise NJ Transit’s fares 15% this July and institute an annual 3% ...

msn.com

$957
OFF

No Contract Awarded Yet For A Study About Saving NJ Transit From ...

2 weeks from now

Dec 20, 2023 · Eight months ago a study was announced to look at fare hikes, service cuts and efficiencies to help NJ Transit avoid a looming $957 million fiscal cliff.

nj.com

$2.75
OFF

NJ Transit Forges Ahead With Big Spending Plans - Bergen Record

2 weeks from now

Jul 25, 2022 · As NJ Transit’s board approved its $2.75 billion budget and revised an ambitious capital plan at Wednesday’s meeting, the forecast in the coming years is even more dire than …

northjersey.com

$2
OFF

No Fare Hikes In NJ Transit's $2.9B Budget, But Fiscal Cliff Still ...

2 weeks from now

Jul 20, 2023 · NJ Transit’s board approved roughly $2.9 billion in spending for the 2024 fiscal year Wednesday night that comes with no fare hikes, but it remains unclear how the long-struggling …

newjerseymonitor.com

$300
OFF

NJ Transit Contract To Cut $300M In Costs Hidden From Public …

2 weeks from now

Apr 11, 2024 · The goal of a consultant hired to do a restructuring analysis of NJ Transit was to identify $300 million in cuts for the coming fiscal year. ... NJ Transit’s $2.964 billion budget for …

yahoo.com

$14
OFF

Cuomo’s Latest Larceny Targets NJ Transit’s Budget | Editorial

2 weeks from now

Jul 25, 2021 · Cuomo’s latest larceny targets NJ Transit’s budget | Editorial ... take $14M out of Connecticut’s cut, and New York would scarf up the rest. ... Funding fight with N.Y. could cost …

nj.com

$600
OFF

NJ Raised Spending Cap On Transportation Infrastructure By $600M

2 weeks from now

Aug 1, 2022 · New Jersey’s annual investments in the fund also generate federal matching funds that help stretch the state dollars that are allocated each year for infrastructure spending. The …

njspotlightnews.org

$814
OFF

These Major Commuter Hubs Are Part Of NJ Transit’s $814M …

2 weeks from now

Jul 16, 2022 · NJ Transit's fiscal year 2023 capital budget includes funding for several big projects at some of the agencies key terminals in North and South Jersey.

nj.com

$6
OFF

Safer For All :Office Of The New York City Comptroller Brad Lander

2 weeks from now

The remaining units are under development, supported by the New York City Council’s allocation of $6.4 million in the 2025 fiscal year budget to fund the expansion, increasing the per unit …

nyc.gov

FAQs about NJ Transit study targets $600M in budget cuts, expansion and … Coupon?

What would a $6.7 million NJ Transit feasibility study look like?

A $6.7 million NJ Transit feasibility study would examine making up to 20% in budget cuts, propose how to expand service and suggest some early “quick win” ideas with a goal to deliver a full report in under a year. ...

Will NJ Transit meet a $1 billion funding shortfall?

(Fran Baltzer for New Jersey Monitor) NJ Transit’s board approved roughly $2.9 billion in spending for the 2024 fiscal year Wednesday night that comes with no fare hikes, but it remains unclear how the long-struggling agency will meet the $1 billion-plus funding shortfall it faces in the coming years. ...

How much will NJ Transit spend in 2026?

During the next fiscal year, from July 1, 2024, to June 30, 2025, NJ Transit is predicting a $119 million shortfall; the year after that it is forecast to balloon to $917.8 million. That’s about a third of the agency’s budget in fiscal year 2026. ...

Is NJ Transit facing a $1B deficit in 2026?

Agency faces a nearly $1B deficit in 2026 NJ Transit’s latest budget documents predict a larger impending fiscal crisis than last year's estimates — a nearly $1 billion annual budget shortfall expected by 2026. But if the past three years are any indication, it’s likely going to be even worse. ...

How did NJ Transit get a boost?

The Murphy administration gave NJ Transit a boost thanks to the New Jersey Turnpike Authority's shifting some state money over, and the agency got a bump in state operating assistance, but it also proposed reducing the amount of money the agency gets from the Clean Energy Fund. ...

Why is NJ Transit so vulnerable?

Doug O’Malley, executive director of the nonprofit Environment New Jersey, said this makes NJ Transit “uniquely vulnerable.” “You cannot make up that hole merely through service cuts and fare hikes,” he said, noting that a $100 million budget hole in 2015 was fixed by cutting three bus routes and raising $56 million in fares hikes. ...