Flow of Funds
Audited Financial Statements
Next Bond Sale
Annual Financial Plan
Long-Term Financing Capacity
The New Jersey Transportation Trust Fund Authority (TTFA or Authority) is an independent agency of New Jersey state
government whose stated mission is to finance the cost of "planning, acquisition, engineering,
construction, reconstruction, repair, and rehabilitation of the state's transportation system."
Disclaimer: The information below is as of June 30, 2016 and reflects the provisions of the FY2017 Appropriations Act (approved as of June 30, 2016) as well as program changes implemented through the October 2016 legislative reauthorization.
|Outstanding Bonds *
|Debt Service Outstanding *
|Max. Bond Maturity *
|Current State Contract Debt Service
|Current NJ Transit EDA Debt Service
| Total TTFA/NJT Debt service (net)
Revenue Appropriated to TTFA:
|Motor Fuel Tax (A)
| Petroleum Products Gross Receipts Tax (A)
|State Sales & Use Tax (A)
|Toll Road Authority (A)
|Total Appropriated Revenue
|Current Credit Rating
* Reflects most recent audited financial information. Amount reflected includes 2006 Series A Garvee bond and is net of non-amortized accretion balances on Capital Appreciation Bonds.
(A) Amounts as of the FY 2017 Appropriation Act dedicated to TTFA for debt service.
The Authority consists of seven members,
two ex-officio and five public members appointed by the Governor. Board meetings are scheduled on an as needed basis and notices of the
meetings are published in the newspapers and on this Website. The meetings are conducted at New Jersey Department of Transportation (NJDOT) Headquarters in Ewing, NJ and are open to the public.
The Authority’s financing process is directed at issuing sufficient
bonds to pay for NJDOT/NJ TRANSIT Capital Program
expenditures previously requested and authorized by the Legislature.
The level of bonding needed is based on the Authority's
Audited financial statements are prepared each year summarizing
the Authority's financing activity and current financial position.
The Authority was created in 1984 by legislation that has been
amended several times. The current
Transportation Trust Fund Statute (N.J.S.A. 27:1B-1, et seq.) and
dedication of revenues found in the State Constitution serve as
the blueprint for all Authority actions.