New Jersey Transit approves a 15% fare hike, the first increase in nearly a decade

2024-12-26 00:34:30 source:lotradecoin trading account types category:My

TRENTON, N.J. (AP) — New Jersey Transit’s board of directors has unanimously approved a 15% fare increase for bus and train riders, the first time its rates will rise in nearly 10 years.

The increase approved Wednesday will take effect July 1. It’s intended to help close a more than $100 million budget gap for the upcoming fiscal year, agency officials said. It also calls for annual, regular fare increases of 3% in subsequent years.

NJ Transit has said it initially reduced some of its projected budget gaps by making $44 million in cost reductions, along with an additional $52 million in revenue enhancements. Agency officials also noted that the plan does not call for service level reductions.

More:My

Recommend

'September 5' depicts shocking day when terrorism arrived at the Olympics

On Sept. 5, 1972, Munich's Summer Olympics morphed in a gut-wrenching instant from the world's bigge

Stop & Shop is using grocery store kiosks to make digital

Regional supermarket chain Stop & Shopsaid Wednesday that it would install kiosks in all of its

North Dakota regulators consider underground carbon dioxide storage permits for Midwest pipeline

BISMARCK, N.D. (AP) — A North Dakota panel will consider Thursday whether to approve permits for und