New Jersey Transit fare increase approved by board of directors
New Jersey Transit's board of directors has approved a 15% fare increase for bus and train riders, the first increase in nearly 10 years, to help close a budget gap of over $100 million for the upcoming fiscal year. The increase will take effect on July 1, with subsequent 3% annual fare increases.
Key Points
- 15% fare increase approved by New Jersey Transit's board of directors
- First fare increase in nearly 10 years
- Intended to close over $100 million budget gap for the upcoming fiscal year
- Subsequent annual 3% fare increases planned
Pros
- Helps close budget gap for upcoming fiscal year
Cons
- 15% fare increase for riders