Government-owned New Jersey Transit (NJ TRANSIT) provides bus, rail, and light rail passenger transportation services. Its systems connect major points in New Jersey and provide links to the neighboring New York City and Philadelphia metropolitan areas. Overall, the NJ TRANSIT service area spans about 5,325 sq. miles. One of the largest transportation companies of its kind in the US, NJ TRANSIT operates a fleet of more than 2,000 buses, 710 commuter trains, and 45 light rail vehicles. Collectively, the agency's passengers make more than 220 million trips a year. NJ TRANSIT oversees public transportation programs for the elderly, people with disabilities, and people in rural areas.
The economic downturn in 2008-2009 left the agency with a budget shortfall in 2010. In response, it was forced to cut salaries, reduce its workforce, and implement a hiring freeze. The downturn also adversely affected major projects planned by NJ TRANSIT. Most notable was the 2010 cancellation by New Jersey's governor Chris Christie of the Mass Transit Tunnel (known as MTT or ARC), which was a proposed rail tunnel to be built below the Hudson River. The $8.7 billion project, which would have connected stations in New York City and New Jersey, was originally approved in 2009; according to Christie, the project's timing proved to be too financially ambitious for the state and its taxpayers.
The agency did complete work other projects scheduled during that time period, including a new local express bus line serving Newark's Business District, as well as a rail line serving the new Meadowlands Stadium and its NY Giants' and NY Jets' patrons.
NJ TRANSIT was founded in 1979 by the New Jersey legislature. – less