NJ Transit Proposes 15% Fare Hike, More Increases Ahead
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.