NJ Transit Proposes 15% Fare Hike, More Increases Ahead
TL;DR Summary
NJ Transit plans to raise fares by 15% starting July 1, with additional 3% annual hikes from 2025, citing a nearly $1 billion budget deficit in the coming years due to decreased ridership and increased costs. The proposed increases aim to close the budget gap and avoid service cutbacks, but face criticism from state officials and commuters. Public meetings will be held in March for feedback before the plan goes to the board of directors for a vote.
Topics:business#budget-deficit#commuter-impact#fare-hike#nj-transit#public-transportation#transportation
- NJ Transit plans to raise fares 15% on July 1, with more hikes to come Gothamist
- NJ Transit says it will raise fares by 15% FOX 5 New York
- N.J. Transit Proposes Raising Fares 15% on July 1 The New York Times
- NJ Transit proposes massive 15% fare hikes as MTA chair taunts NJ Gov. Phil Murphy for budget hole New York Post
- NJ Transit proposes first fare hike in almost 10 years. New rates could start this summer. NJ.com
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