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New Jersey Transportation Trust Fund Authority  

About TTFA

Business Partners
Financial Advisors
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External Auditor

Frequently Asked

Financing Process
Flow of Funds
Appropriation Revenues
Audited Financial Statements

Future Financing
Next Bond Sale
Annual Financial Plan
Long-Term Financing Capacity


Capital Program

The Transportation Trust Fund provides funding for New Jersey's transportation system

Financing Process

The Transportation Trust Fund Authority (TTFA) raises cash to pay for the New Jersey Department of Transportation (NJDOT) and NJ TRANSIT for capital project expenditures previously authorized by the Legislature in the annual Appropriations Act. As noted in the flow of funds section, the Authority receives appropriation revenues from the State, pays debt service obligations, and combines the remaining appropriation revenues with bond proceeds to meet the cash flow needs of the Transportation Trust Fund program.

Currently, appropriations include all or portions of taxes applied on motor fuels, petroleum product gross receipts and the sale of new motor vehicles, which are all constitutionally dedicated to transportation purposes. The Legislature also has statutorily dedicated to the TTFA the proceeds of the "Good Driver" motor vehicle registration surcharge, heavy truck registration fees, and contributions from the highway toll road authorities.

The Authority issues "state contract" bonds with maturities up to 31 years within the bonding cap established by the Legislature. See the "Frequently Asked Questions" section of this website for a full explanation of the types of bonds sold by the Authority.

Audited financial statements are published each year by an external auditing firm which summarizes the Authority's revenue, bonding and expenditure results for the preceding 12 month period.

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