Facebook Twitter LinkedIn Google Plus RSS

NJ Transit approves $3.7B budget

By ,

New Jersey Transit trustees voted to approve a $2.316 billion operating budget in fiscal year 2019 and a $1.465 billion capital budget. 

The operating budget is an increase of $94 million over fiscal year 2018.

This spending package does not raise customer fares. It funds the installation of positive train control and the hiring of 114 employees. 

Meanwhile, trustees also voted to approve a seven-year advertising revenue contract with Intersection to sell NJ Transit’s advertising inventory.

The trustees also voted to approve an authorization to enter into a 10-year lease with Starbucks to operate retail space in Newark Penn Station and a five-year contract with Allvision LLC to provide management of advertising displays on billboards located within NJ Transit’s right of way, facilities and properties. 


Also Popular on NJBIZ

David Hutter

David Hutter

David Hutter grew up in Darien, Conn., and covers higher education, transportation and manufacturing for NJBIZ. He can be reached at dhutter@njbiz.com.

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy