Executive Director James Weinstein told members of the Assembly Budget Committee on Monday the fiscal 2013 state budget does not include any fare increases.
Weinstein also explained the agency has ordered 1,400 buses, which will be phased in to replace older vehicles.
Lawmakers questioned Transportation Commissioner James Simpson about the Transportation Trust Fund.
Gov. Chris Christie renewed the fund last year, partly with money that was earmarked for the Hudson River rail tunnel that Christie scrapped.
