Department of Transportation

New Jersey Turnpike Authority Contributions to State of New Jersey

Listed below is a summary of the contractual payments made in Fiscal Year (FY) 2018 and FY 2019 by the New Jersey Turnpike Authority (NJTA) to either the State or to the New Jersey Transportation Trust Fund Authority (TTFA) in support of the Annual Transportation Capital Program.

Source FY 2018 FY 2019 Comment
Authorized by TTFA Act, N.J.S.A. Section 27:1B-20 $22M $22M Contractual obligation outlining use of NJTA funds for transportation purposes. Language in the annual Appropriations Act assigns $12.5M of this amount to offset the cost of road maintenance on State highways. Balance is provided to the TTFA.
Feeder Road Maintenance Agreement Payment $5M $4M Contractual obligation outlining the use of NJTA funds to offset the cost of road and bridge maintenance on State highways that intersect 20 NJTA interchanges and 36 Garden State Parkway interchanges.
5 Year contract (July 1, 2011 thru June 30, 2016) $204M $129M Contractual obligation outlining the use of NJTA funds for transportation purposes
(See footnote below.)
Totals: $231M $155M  

Key Points:
  • All of the above payments can only be made from legally available funds in the NJTA’s General Reserve Fund and are subordinate to payments to NJTA bondholders and all other obligations under the NJTA’s General Bond Resolution.
  • Payments are subject to the terms of the Authority’s Toll Facilities Agreement with the Federal Highway Administration (FHWA). (i.e., Excess toll revenues can only be used for purposes identified in Federal Title 23.)
  • As reflected in the FY 2017 Governor’s Budget Message and as authorized in budget language in the FY 2017 Appropriations Act, $204 million of NJTA funds are dedicated to support NJ Transit operations.

Last updated date: November 22, 2019 2:58 PM