Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Libloather

As of April 2026, New Jersey Governor Mikie Sherrill has proposed a FY 2027 budget that includes over $1 billion in direct state operating support for NJ Transit, representing a 26% increase over the previous year to improve reliability and capital projects. The plan includes $782 million for capital projects and focuses on upgrading aging infrastructure, including new rail cars and buses.

Its a forever financially failed system with ridership and fares that cannot keep the system operating. Pouring billions more from the taxpayers into a failed system will only INSURE the taxpayers will have to keep doing so forever. A subsidized system has no market oriented incentives to correct it’s fiscal situation so that its operations and its fares are a financial match.

A really good NJ governor would pack the NJ transit board and demand its components be sold off to private investors. There are parts of NJ transit - certain lines - that could be profitable but that is not true for most of the system. Cut to only the most financially feasible lines, without needing to prop up the rest of the system, a private NJ transit could do as well as many airlines.


34 posted on 04/16/2026 7:50:45 AM PDT by Wuli ( )
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Wuli
A really good NJ governor would pack the NJ transit board and demand its components be sold off to private investors. There are parts of NJ transit - certain lines - that could be profitable but that is not true for most of the system. Cut to only the most financially feasible lines, without needing to prop up the rest of the system, a private NJ transit could do as well as many airlines.

Why do you think any of the NJ Transit service is profitable? Even before the death of private railroads in the 60s, passenger service was subsidized by freight profits and mail contracts. Most routes today (save a few Amtrak runs in the Northeast corridor and elsewhere, like the new-ish Minneapolis-Chicago route) are not revenue positive.

I'm not certain that there are routes that are profitable... maybe some peak (i.e. rush-hour) trains.
38 posted on 04/16/2026 11:27:57 AM PDT by mjustice (Apparently common sense isn't so common.)
[ Post Reply | Private Reply | To 34 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson