NJ Transit's board adopted an operating budget to keep the trains up and running and a capital budget to make repairs, modernize the fleet and upgrade technology, including $72 million to install positive train control.
NJDOT Commissioner and NJ Transit Chair Rich Hammer attended a legislative hearing to answer questions about the agency after the Hoboken crash. He said NJ Transit leaders were at an important meeting with the Federal Railroad Administration.
In recent months, published reports say NJ Transit has been under tough federal scrutiny for its finances and safety record. Now a joint legislative committee has asked for hearings on what some are calling the NJ Transit crisis.
The National Transportation Safety Board released a preliminary report on the Hoboken train crash, confirming speed was a factor and stating for the first time the train’s brakes were fully functional.
Credit ratings agency Moody's says the plan to replenish the Transportation Trust Fund will bring challenges to the state going forward. Assemblyman John Wisniewski opposes the tax cuts included in the plan.
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