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S160 FISCAL ESTIMATE
LEGISLATIVE FISCAL ESTIMATE
SENATE, No. 160
STATE OF NEW JERSEY
222nd LEGISLATURE
DATED: JULY 10, 2026
SUMMARY
Synopsis:
Requires NJT rail stations and bus and rail terminals to
display historical information about area in or around stations and
terminals.
Type of Impact:
Multi-year increase in State expenditures.
Agencies Affected:
New Jersey Transit Corporation.
Office of
Legislative Services Estimate
Fiscal Impact
Three-Year Period After Enactment
Thereafter
State Expenditure Increase
$0.3 million
Indeterminate
�
The Office of Legislative Services (OLS) concludes that the New
Jersey Transit Corporation will incur increased expenditures of approximately
$0.3 million over a three-year period for the design, purchase, and installation
of historic markers at rail stations, and bus and rail terminals in the State.�
This is based on an estimate and supporting information the corporation
provided on a previous version of the bill in 2022.�
�
The OLS also concurs with the corporation�s expectation that it
will not incur additional staffing and administrative expenses as a result of
the bill, but notes that the bill will result in an indeterminate, likely
modest expenditure increase for the maintenance of the historic markers in
subsequent years.�
BILL DESCRIPTION
����� This bill would require the corporation to identify a
series of New Jersey historic sites and memorials located within and around its
rail stations, and bus and rail terminals and to design, purchase, erect, and
maintain a historic marker at rail stations and bus and rail terminals that
describes the persons, places, and events commemorated. �The bill defines
�historic marker� to mean a marker, plaque, or tablet commemorating a historic
person, place, or event, or identifying a historic place, structure, or object.
FISCAL ANALYSIS
EXECUTIVE BRANCH
����� The New Jersey Transit Corporation provided a formal
fiscal note on a previous version of this bill, Senate Bill No. 149 of the
2022-2023 Session.� The corporation anticipated that the project can be
completed in three years.� The 2022 estimate the corporation provided assumes
that it will install 191 total signs at all rail and bus stations, with an
estimated average cost of $1,500 per sign, for a total expenditure of $286,500
over three years.� The corporation estimated the installations will cost
$47,750 in the first year, and $119,375 per year in the second and third years,
respectively.
OFFICE OF LEGISLATIVE SERVICES
����� The OLS concludes that the corporation will incur
increased expenditures of approximately $0.3 million over a three-year period
for the design, purchase, and installation of historic markers at rail
stations, and bus and rail terminals in the State.
����� As noted above, the corporation provided a formal
fiscal note on a previous version of this bill during the 2022-2023 Session.�
Based on the corporation�s estimate of $1,500 average cost per historic marker,
the total expenditure for 191 historic markers is expected to be $286,500 over
the span of three years.� Specifically, the corporation expects to install
approximately 32 historic markers in the first year at a cost of $47,750, and
approximately 80 historic markers in the second and third years, respectively,
at a cost of $119,375 per year.� The corporation provided this estimate in
2022, and the OLS assumes the estimated amount would likely increase in 2026
due to inflationary pressures.
����� The OLS also concurs with the corporation�s
expectation that it will not incur additional staffing and administrative
expenses as a result of the bill, but notes that the bill will result in an
indeterminate, likely modest expenditure increase for the maintenance of the
historic markers in subsequent years.�
Section:
Authorities, Utilities, Transportation and
Communications
Analyst:
Michael D. Walker Jr.
Associate Fiscal Analyst
Approved:
Thomas Koenig
Legislative Budget and Finance Officer
This legislative fiscal estimate has been produced by the
Office of Legislative Services due to the failure of the Executive Branch to
respond to our request for a fiscal note.
This fiscal estimate has been prepared pursuant to P.L.1980,
c.67 (C.52:13B-6 et seq.).