A report released last week by the Rutgers University Transportation Policy Institute describes NJTransit as on a collision course with financial crisis. Echoing a strategic planning document put out by the agency in mid-September, the report's budget analysis projects a combined deficit of $681 million in operating funds and $1.5 billion in already committed capital funds over the next five years. 

The authors ascribe NJTransit's difficulties to a cycle of shrinking state and federal operating aid, the use of capital funds to pay for operating expenses, and resultant borrowing to cover overdue purchases of new train engines and cars as well as other investments in system upkeep. Click here for the full report. 
 
 

NJ Transit Budget Rises, But Long-Term Deficits Still Loom 
(Feb., 2001)

Transport Faces Squeeze in Regional Budget Crunch (Oct., 2001)

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