The state is using some of its record surplus to pay for construction without having to borrow for it. Some of that will upgrade seven NJ Transit stations.
Among the ideas being studied by New Jersey and other Eastern states is a mileage-based user fee, as a gas tax doesn’t generate revenue from people who drive electric cars.
Total resources for NJ Transit in fiscal 2022 are proposed to reach a record $2.65 billion, a 9% increase compared to the current year, helped greatly by federal reimbursements of qualified operating costs.
At an Assembly budget committee hearing, the state transportation commissioner warns the budget adopted next summer will be quite challenging for NJ Transit.