The NJ TRANSIT Board of Directors has adopted the agency’s Fiscal Year 2026 (FY 2026) operating budget, local programs budget and authorized capital funding. The budgets continue investments in infrastructure and equipment to maintain the system in a state of good repair and enhance the overall customer experience.

The Board adopted a ~$3.16 billion operating budget and ~$1.7 billion in capital funding for FY 2026.

FY 2026 Operating Budget

Thirty-one percent of the revenue in the FY 2026 operating budget comes from customer fares. The remaining amount comes from dedicated funding from the New Jersey Turnpike Authority, which is $470 million in FY 2026, $789 million from the corporate transit fee and a combination of commercial revenue and state and federal resources.

Approximately 60 percent of the operating budget is dedicated to costs associated with labor that supports a workforce of approximately 12,000 employees. Expenses including materials, fuel and power, utilities, and outside services represent 22 percent of the total operating expenses. Contracted transportation services, such as Access Link, private carrier buses and Hudson-Bergen Light Rail (HBLR) and River LINE operation and maintenance represent 10.6 percent of total operating expenses.

FY 2026 Capital Funding Appropriation

This year’s Fiscal Year 2026 Capital Funding Appropriation totals $1.684 billion and represents an expected funding source that will provide, along with other past and future annual appropriations, the funds needed to advance critical capital projects.

The Capital Funding Appropriation is funded from a number of sources: $768 million from the Federal Transit Administration (FTA), $75 million in flexed funds from the Federal Highway Administration (FHWA) provided through the New Jersey Department of Transportation (DOT), $767 million from the New Jersey Transportation Trust Fund (TTF), and $74 million of Casino Revenue, Local Match, and Turnpike Authority funds.

FY 2026 Local Programs

NJ TRANSIT partners with all 21 New Jersey counties to fund community transportation programs, as well as those offered by a variety of private non-profit organizations, counties, municipalities and county improvement authorities, in meeting the mobility needs of New Jerseyans who depend on public transportation.

-via Press Release