Budget proposal would increase NJ Transit spending by $242 million

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New Jersey Gov. Phil Murphy has proposed an additional $242 million for NJ Transit in the 2019 fiscal year, which — with money already allotted — would swell the total fudning for the transit operation to $383 million.

The NJ Transit funds are part of a $37.4 billion state budget Murphy proposed in an address to the state legislature on Tuesday, and follows the Monday promise by the first-term Democrat to make “a major statement” on NJ Transit.

As reported by NJ.com, Murphy said the budget “will nearly triple funding to NJ Transit … to get the agency back on its feet.”

The budget also includes $2 billion for infrastructure work in the state. It proposes increases in sales tax (from 6.625 to 7 percent), sales taxes on ride-sharing and Airbnb transactions, among other tax moves.

NEWSWIRETrains News Wire

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