Transportation Industry
NJ Transit
Railway Age, August, 2004
NJ Transit has adopted a FY '05 operating budget of $1.34 billion--2.9% above the prior year--and a capital program that at $1.19 billion is about even with FY '04. Rider fares and other system-generated revenues are expected to pay for $618.7 million in operating costs. State subsidies will contribute $278.7 million.
The remainder will come from diversion of $356 million in capital to the operating budget.
COPYRIGHT 2004 Simmons-Boardman Publishing Corporation
COPYRIGHT 2004 Gale Group
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