![]() While the infusion of cash for the coming fiscal year will help get major projects off the ground, the agency still has lingering budget issues. ![]() More: Murphy administration sends $58.3M to NJ Transit after missing months of payments This budget also comes as Murphy announced for the fifth year that fares to ride NJ Transit will not increase. “Together, the features of the FY 2023 budget agreement amount to a monumental year not just for transit, but for the New Jersey residents, commuters and visitors who depend on it.” ![]() “The FY 2023 budget agreement includes dedicated funding from the Turnpike Authority and reflects the Murphy administration’s continued prioritization of efficient, affordable transportation for all,” said Bailey Lawrence, a spokesman for the Murphy administration. NJ Transit is also still relying on federal transit funds from coronavirus relief packages to plug its budget, different from the $40 million in coronavirus recovery money directed from the state for the coming fiscal year.
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