New Jersey Gov. Phil Murphy (D) signed into law the state’s largest budget package, at $56.6 billion, boosting the tax rates for the richest corporations.

The budget will increase the tax rate from 9% to 11.5% on corporations making more than $10 million a year in revenue. Called the corporate transit fee, this money will go toward the NJ Transit system, which is staring down the barrel of their own budget difficulties. The system operates the trains and busses in the state.