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.
U.S. Sen. Cory Booker, D-N.J., said there has been “no infrastructure bill in our lifetime” as impactful as this one, which he called “a big freaking deal.”
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.
Another 17 new locomotive engineers graduated after 20 months of NJ Transit training Thursday and the agency says it is on track to finally have a full roster of the train operators by early next year.
NJ Transit’s passenger counts have dropped by 90% due to the novel coronavirus, but there is a small upside: It will be easier to get the positive train control safety system in place on time.
Senate President Steve Sweeney has a plan to dedicate a half-billion dollars a year to NJ Transit, hopefully stabilizing its finances and ending its practice of shifting capital funds into its operating budget.
Senate President Steve Sweeney said NJ Transit provided incomplete responses to records requests submitted in November but seemed particularly disturbed that Kevin Corbett attended the hearing alone.