Bill
Bill > AJR95
summary
Introduced
02/01/2024
02/01/2024
In Committee
02/01/2024
02/01/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This joint resolution establishes a five member "New Jersey Transit Alternative Revenue Task Force" (task force) to study and make findings and recommendations concerning all potential opportunities for the New Jersey Transit Corporation (corporation) to generate new revenue without increasing fares, including, but not limited to, through: real estate holdings; advertising on the corporation's motorbuses, rail cars, and light rail vehicles and at and around the corporation's bus, rail, and light rail stations and terminals; development opportunities at and around the corporation's bus, rail, and light rail stations and terminals; and other revenue generating services that may be provided on the corporation's motorbuses, rail cars, and light rail vehicles and at the corporation's bus, rail, and light rail stations and terminals. The task force is to consist of: a person with expertise and experience in real estate development, who is to be appointed by the Governor; a person with expertise and experience in advertising, who is to be appointed by the Senate President; a person with expertise and experience in franchise or small business development, who is to be appointed by the Speaker of the General Assembly; and two people with expertise and experience in public rail passenger transportation, one who is to be appointed by the Minority Leader of the Senate and one who is to be appointed by the Minority Leader of the General Assembly. The task force is to prepare and submit a report containing its findings and recommendations to the Governor and the Legislature and is to expire upon submission of the report.
AI Summary
This joint resolution establishes the New Jersey Transit Alternative Revenue Task Force, a five-member group charged with exploring innovative ways for New Jersey Transit (NJ Transit) to generate additional revenue without raising passenger fares. The task force will include experts in real estate development, advertising, franchise/small business development, and public rail transportation, with members appointed by key legislative leaders like the Governor, Senate President, and Assembly leaders. The group is tasked with studying potential revenue streams such as monetizing real estate holdings, selling advertising space on vehicles and at transit stations, developing properties around transit infrastructure, and identifying other service-based revenue opportunities. Task force members will serve without pay but can be reimbursed for expenses, and NJ Transit will provide administrative support. The task force must organize within 60 days of appointment, select a chairperson, and submit a comprehensive report to the Governor and Legislature within one year of its first meeting. Upon submitting the report, the task force will be dissolved, with the goal of identifying creative financial strategies to support the state's public transportation system without burdening riders with higher fares.
Committee Categories
Transportation and Infrastructure
Sponsors (2)
Last Action
Introduced, Referred to Assembly Transportation and Independent Authorities Committee (on 02/01/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/AJR95 |
| BillText | https://pub.njleg.gov/Bills/2024/AJR/95_I1.HTM |
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