The remaining amount comes from a combination of commercial revenue and state and federal resources. Not surprisingly, there's nothing on … $9.4 million for Federal Transit Administration (FTA) Section 5310 programs, which provide federal funds for operating expenses as well as the purchase of vehicles and related equipment by private, non-profit agencies and designated public entities. The NJ TRANSIT Board of Directors today adopted a Fiscal Year 2020 (FY 2020) operating budget and capital program that supports continued investments in personnel, infrastructure and equipment to maintain the system in a state-of-good repair, and enhance the overall customer experience. P.L.2020, c.43, approved June 30, 2020 Assembly, No. The FY 2020 capital program continues to prioritize investments in infrastructure to maintain an overall state-of-good repair, enhance reliability, safety, and resiliency as well as improve the overall customer experience on the system. fiscal year 2019-2020 NEW JERSEY OFFICE OF LEGISLATIVE SERVICES ANALYSIS OF THE NEW JERSEY BUDGET OLS Budget Analyses, Department Testimony, Department Responses and Public Testimony are available in Acrobat (pdf) format. An increase from $1,000.00 to $1,040.00 for the per-pupil ceiling for nonpublic school transportation in order to provide opportunities for students to receive rides to school. Of this, $75 million will replace diversions and $75 million represents new direct funding. A $45 million portion of the budget will provide funding for enhanced mobility services for senior citizens and those with disabilities in both urban and rural areas. Between LETP and ACTP, NJ TRANSIT anticipates four engineer training classes and two assistant conductor training classes to address staff shortages. The pension funds operated under a 7.5% annual assumed rate of return during the 2020 fiscal year, which closed on June 30. The NJ TRANSIT Board of Directors today continued this effort by approving the following programs for FY20 which provides the following: The FY 2020 Budget includes $2.7 million for 22 additional bus operators and related support staff in order to accommodate nearly 30,000 new service hours, targeted primarily in the northern and southern markets, to help alleviate overcrowding and improve on-time performance in needed areas. “This balanced budget shows we are maximizing our resources and spending every dollar wisely to restore the agency to national prominence and provide the transportation services New Jersey residents expect and deserve.’’. In Fiscal Year 2019, the New Jersey Lottery benefited from high jackpots in the multistate games Powerball and Mega Millions, resulting in record sales. “In every county across the state, residents who most depend on these critical services are able to get the transportation they rely on thanks to the funding we approved today,” said, NJ TRANSIT Board Chair and New Jersey Department of Transportation Commissioner, . TRENTON – Governor Phil Murphy today signed the Fiscal Year 2020 Appropriations Act into law, growing core investments in education, NJ TRANSIT, and many other middle-class priorities, while taking decisive action to promote the fiscal responsibility that was lacking in the Legislature’s spending plan and set up New Jersey to better weather a possible future economic downturn. (Trenton) – The Assembly Budget Committee approved a Fiscal Year 2020 spending plan bill proposed by Legislative Democrats Monday. The budget includes an additional $150 million in General Fund support for a total subsidy of $457.5 million, the largest General Fund subsidy to NJ TRANSIT in state history. July 18, 2019, 8:29 am | in NEWARK, NJ — The NJ TRANSIT Board of Directors today adopted a Fiscal Year 2020 (FY 2020) operating budget and capital program that supports continued investments in personnel, infrastructure and equipment to maintain the system in a state-of-good repair, and enhance the overall customer experience. Reinvestment in Direct Service Training Programs. Federal funds of about $62.2 million are projected to continue federal support for the New Jersey National Guard ($51.2 , reflecting Governor Phil Murphy’s commitment to providing additional funding to help meet the operating needs of the agency. $5.4 million for FTA Section 5311 programs, which provide federal funds for capital, administrative and operating assistance for public transportation services in and between small urban and rural areas of New Jersey. ROBBINSVILLE, NJ (October 14, 2020) ─ The NJSIAA (New Jersey State Interscholastic Athletic Association) today announced its financial results for the fiscal year, which ended June 30, 2020. SENATE BUDGET AND APPROPRIATIONS COMMITTEE Paul A. Sarlo (D), 36th District (Parts of Bergen and Passaic), Chair Sandra B. Cunningham (D), 31st District (Part of Hudson), Vice-Chair NEWARK, NJ — The NJ TRANSIT Board of Directors today adopted a Fiscal Year 2020 (FY 2020) operating budget and capital program that supports continued investments in personnel, infrastructure and equipment to maintain the system in a state-of-good repair, and enhance the overall customer experience. I'll keep checking. SENATE BUDGET AND APPROPRIATIONS COMMITTEE Paul A. Sarlo (D), 36th District (Parts of Bergen and Passaic), Chair. Net assets for fiscal year 2019-2020 decreased by approximately $640,000, compared to a decrease of $40,000 for the previous fiscal year. 3 An Act to Amend and Supplement "An Act making appropriations for the support of the State Government and the several public purposes for the fiscal year ending June 30, 2020 and regulating the disbursement thereof," approved June 30, 2019 (P.L.2019, c.150). NEWARK, NJ — The NJ TRANSIT Board of Directors today adopted a Fiscal Year 2020 (FY 2020) operating budget and capital program that supports continued investments in personnel, infrastructure and equipment to maintain the system in a state-of-good repair, and enhance the overall customer experience. If you are filing form CBT-100, CBT-100U, or BFC-1 (BFC-1-F) and your year ended on July 31, 2020, you must file your tax return on or before June 15, 2021, which is 6 months after the original due date of December 15, 2020. 2020 - Per the NJ Department of the Treasury Division of Taxation : Welcome back! Each of the programs extends or complements existing NJ TRANSIT services. Revenues for the first 12 months of the new 15-month fiscal year — covering July 1, 2019 to July 1, 2020 — were down $3 billion, or 9.2%, lower than the same period a year earlier. If the 90-day time frame to file a protest expires after March 19, taxpayers have until May 1, 2020, or 30 days after the COVID-19 State of Emergency has ended, whichever is later, to file the protest. This budget does not include a fare increase for FY 2020. This document and others are available for translation on njtransit.com. The FY 2020 Budget includes $14 million in funding to hire additional trainees for the Locomotive Engineer Training Program (LETP) and Assistant Conductor Training Program (ACTP). The light rail system will also see an added boost with $482,000 for five additional operators on the Newark Light Rail to address staff shortages. The fiscal year 2020 spending plan that Murphy signed into law late last June included $1.3 billion in total budget reserves, a relatively small share of the state’s nearly $40 billion budget. It is the third largest transit system in the country with 166 rail stations, 62 light rail stations and more than 19,000 bus stops linking major points in New Jersey, New York and Philadelphia. Governor Murphy presents the Fiscal Year 2020 Budget: A Blueprint for the Middle Class at the Assembly Chambers in Trenton, NJ on March 5th, 2019. Operating Budget  NJ is quirky for September year ends. Eleven credit downgrades drove up costs and pushed down our reputation. The capital budget includes approximately $326 million to be invested in rail infrastructure improvement needs, including $58 million for bridges, which includes $41 million for Raritan River Bridge replacement; $24 million to fund electric traction and signal improvements, $95 million for the County Yard Expansion, $18 million to fund the Track Program, $36 million for Mason Building 9 Substation Replacement and $51 million for Portal North Bridge. On March 19, 2020, the Chief Justice of the NJ Supreme Court extended the 90-day timeframe to file a protest. NJ TRANSIT will hire additional staff to support the recently created Customer Experience Unit, committed to proactively assessing all of the customer touchpoints throughout the customer journey to ensure deficiencies are promptly addressed and customer needs are met. You're right--these are for 2019. New Jersey’s constitutional budget deadline is June 30 for the fiscal year that starts July 1. The Administration and the Legislature must now work on crafting a nine-month budget for Fiscal Year 2021, which will run from October 1, 2020 through June 30, 2021 under the legislation that previously authorized the extension of the current fiscal year. New Jersey (A-/Negative GO rating) projects revenue will drop in combined fiscal years 2020 and 2021 by $10 billion compared to the governor's February executive budget proposal for fiscal 2021. Governor Phil Murphy will deliver his Fiscal Year 2020 Budget Address in the Assembly Chamber at the New Jersey State House at 2:00 p.m. on Tuesday, March 5, 2019. Additionally, there will be $19 million invested in bus infrastructure improvements which includes $13 million for parking deck replacement and $4 million for passenger facilities improvements. The NJ TRANSIT Board of Directors today authorized the expenditure of approximately $45 million in federal and state funds to implement local transportation programs for Fiscal Year 2020 (FY20), providing critical local transportation services for senior citizens, persons with disabilities, the economically-disadvantaged and rural residents. Other expenses including materials, fuel and power, utilities and outside services represent the remaining 28 percent of the total operating expenses. ANALYSIS OF THE NEW JERSEY BUDGET FISCAL YEAR 2019-2020. The New Jersey Catholic Conference and the New Jersey Network of Catholic School Families are asking for the following specific increases in the Fiscal Year 2020 Education Budget. This includes $1.7 million in state funding to support local matching fund requirements. NJ corporate fiscal year software release date. “In addition to the larger mass transit network, it is important to support these private and non-profit organizations to fill in the transportation gaps for seniors and people with disabilities throughout New Jersey.”, “The services offered by these programs are critical to getting seniors, people with disabilities and working families to doctor’s appointments, jobs or basic necessities such as the grocery store,” said NJ TRANSIT President & CEO Kevin Corbett. https://myproconnect.intuit.com/releasedates. The New Jersey Transit Police Department will use $1.8 million to expand its ranks with 19 additional officers dedicated to patrolling our system. $130,339 in federal funding for the Rural Transit Assistance Program, which provides training and technical assistance for small transit operators receiving funding through NJ TRANSIT’s Local Programs. Access Link Call Center & Scheduling Improvements. “In addition to the larger mass transit network, it is important to support these private and non-profit organizations to fill in the transportation gaps for seniors and people with disabilities throughout New Jersey.”. New Jersey is the only state in the country to extend its fiscal year, and Muoio defended that decision on Thursday as lawmakers questioned whether it was a wise move. The Fiscal Year 2020 (FY20) New Jersey’s Clean Energy Program (NJCEP) budget was approved through a June 21, 2019 Board Order (Docket No. The capital program continues to invest in system expansion including $33 million for Hudson-Bergen Light Rail Northern Branch extension; $8.8 million for the Lackawanna Cutoff project; and $2 million for Transit Rail initiatives such as engineering work to support the Glassboro to Camden light rail line. NJ TRANSIT is the nation's largest statewide public transportation system providing more than 925,000 weekday trips on 251 bus routes, three light rail lines, 12 commuter rail lines and through Access Link paratransit service. Thank you Lisa. If the year started in 2019, don't you use 2019 forms? Murphy has proposed a $40.9 billion spending plan, and legislative hearings were to start in March. The budget includes an additional $150 million in General Fund support for a total subsidy of $457.5 million, the largest General Fund subsidy to NJ TRANSIT in state history. $18.5 million from the Casino Revenue Tax Fund to operate the Senior Citizen and Disabled Resident Transportation Assistance Program (SCDRTAP). No. FISCAL YEAR2019-2020. Thanks for your help. The program also supports continued investment in rolling stock renewal, with $94 million invested in rail rolling stock improvements which include $17 million to continue funding for locomotive overhauls to maintain reliability and $75 million for the purchase of 113 Multilevel III vehicles. The budget also directs $65 million to be invested in the capital lease for the Passenger Rail Investment & Improvement Act (PRIIA) payments to Amtrak. To the Honorable Governor, Legislature, State Treasurer and the residents of New Jersey: As Chair of the State Investment Council, it is my privilege to present the Fiscal Year 2020 Annual Report on behalf of the Council and the New Jersey Division of Investment. Ask questions, get answers, and join our large community of tax professionals. More than 40 percent of the revenue in the FY 2020 operating budget comes from passenger revenue. 2020, c. 118 (which was signed into law on Nov. 4, 2020), was a change in the original due date of a Corporation Business Tax return to 30 days after the due date of the federal return. Not surprisingly, there's nothing on the state's website. The capital program funds continue state-of-good-repair investments in transit stations and infrastructure, investments in the Northeast Corridor, fare modernization, safety initiatives, bus and rail car purchases, Positive Train Control installation, system expansion, and support for local mobility programs. Other significant expenses include contracted transportation services which represent 11 percent of total operating expenses. • FY 2020 State appropriations are recommended to decline by $24,000, or 0.3 percent to $7.76 million, due to the increased utilization of revenues received by the department from armory rental receipts. It was eight years of shutting-out middle-class New Jersey families and shutting the door on those struggling to get there. year. NEWARK, NJ — The NJ TRANSIT Board of Directors today authorized the expenditure of approximately $45 million in federal and state funds to implement local transportation programs for Fiscal Year 2020 (FY20), providing critical local transportation services for senior citizens, persons with disabilities, the economically-disadvantaged and rural residents. It represents the annual element of the New Jersey Department of Transportations and NJ Transits federal Statewide Transportation Improvement Program (STIP). “Local governments and non-profits understand the needs of their communities and can meet those transportation needs with access to this funding.”. Also, there will be continued support for local mobility programs. “The operating and capital budgets continue the investments we’ve been making in equipment, infrastructure and personnel needed to improve the customer experience,” said NJ TRANSIT President & CEO Kevin Corbett. The Office of System Safety will also hire five new staff to conduct more frequent random rides, in order to better assess system safety and operating procedures. NJ corporate fiscal year software release date. Of this, $75 million will replace diversions and $75 million represents new direct funding, reflecting Governor Phil Murphy’s commitment to providing additional funding to help meet the operating needs of the agency. Sandra B. Cunningham (D), 31st District (Part of Hudson),Vice-Chair. Does anyone know when the NJ fiscal year (9/30/20) software will be released? New Jersey is allowing for an automatic extension to file for some fiscal year returns. These funds will support continued system improvements while keeping fares stable,” said New Jersey Department of Transportation Commissioner and NJ TRANSIT Board of Directors Chair Diane Gutierrez-Scaccetti. Approximately 61 percent of the operating budget is dedicated to costs associated with labor and fringe benefits. The Transportation Capital Program for FY 2020 describes the planned capital investments for the State fiscal year starting July 1, 2019. There is always a  mid-year download but NJ has been notorious for being late with it. Does anyone know when the NJ fiscal year (9/30/20) software will be released? The results are unaudited figures and the total amount of the final contribution to the State will increase when the Lottery's Fiscal Year 2020 financial audit is complete. Fiscal Year Title Document Link; Fiscal Year Title Document Link; 2020: Governor’s Budget Recommendations : Title Page: 2020: Governor’s Budget Recommendations : Summaries of Appropriations: 2020: Governor’s Budget Recommendations : Summaries of Revenues, Expenditures & Fund Balances: 2020: Governor’s Budget Recommendations : Department Recommendations: 2020 Each of the programs extends or complements existing NJ TRANSIT services.

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