Weigh in on NJ Transit 15% fare hike, looming deficits, corporate …

T here's plenty to weigh ahead of NJ Transit’s public hearings this week on the agency's plan to raise fares by 15% on July 1 — the agency's first fare hikes in nine years — followed by ...

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Weigh In On NJ Transit 15% Fare Hike, Looming Deficits, Corporate …

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T here's plenty to weigh ahead of NJ Transit’s public hearings this week on the agency's plan to raise fares by 15% on July 1 — the agency's first fare hikes in nine years — followed by ...

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Facing Huge Deficits, NJ Transit Proposes 15% Fare Hike, The

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Jan 25, 2024 · NJ Transit is proposing to increase fares 15% — its first hike in nine years — and would install 3% annual fare increases indefinitely after that, according to a plan presented by …

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New Jersey Transit Approves A 15% Fare Hike, The First Increase In ...

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Apr 10, 2024 · 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 …

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The Reasons Why NJ Transit’s 15% Fare Hike Will Go Ahead

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Mar 16, 2024 · With a 15% fare increase looming, will Gov. Phil Murphy’s proposed business transit tax solve NJ Transit funding problems and avert a fare increase? Up to now, funding NJ …

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NJ Transit Proposes 15% Fare Hike For Commuters Due To Deficit

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Jan 25, 2024 · NEW JERSEY (PIX11) — New Jersey Transit commuters are bracing for a 15% fare increase after the agency announced proposed hikes Wednesday afternoon. If approved …

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Facing Fiscal Cliff, NJ Transit Calls For 15% Rate Hike (updated)

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Jan 24, 2024 · Citing post-pandemic ridership drops and the economic realities of a looming fiscal cliff, NJ Transit announced Jan. 24 it is proposing a 15% fare hike, effective July 1, 2024. The …

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NJ Transit Riders Face 15% Fare Increase To Close Budget Gap

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Jan 24, 2024 · The proposed 15% fare hike, which would go into effect July 1, would be followed by 3% increases each July 1 in perpetuity to account for inflation. New Jersey Transit last …

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NJ Transit Riders Face 15% Fare Increase To Close Budget Gap

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Jan 24, 2024 · New Jersey Transit riders face a 15% fare increase, as the agency struggles to rebound from the pandemic, budget officials said Wednesday.. Fare hikes are needed to close …

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NJ Transit Holds Second Public Hearing Over 15% Fare Hike As …

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NEW JERSEY (PIX11) – NJ Transit is holding the second of 10 public hearings over the agency's proposed 15% fare hike on Tuesday. There would be a 3% fare increase each year after. The …

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Critics: Fare Hike Highlights Need To Rethink NJ Transit Funding

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Jan 31, 2024 · At NJ Transit, officials have stressed that their plans to use fare hikes to support a proposed $3 billion annual budget for the fiscal year that begins July 1 means there would not …

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Proposed 15% Fare Hike Won’t Avoid NJ Transit’s Next ... - Nj.com

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Jan 27, 2024 · NJ Transit is proposing a 15% fare increase — its first in almost 10 years — to be followed up with continual annual 3% fare increases. That and $44 million in financial cuts are …

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15% NJ Transit Fare Hike Would Be A ‘huge Burden’ On ... - Nj.com

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Mar 9, 2024 · The proposed increase would raise the cost of a one zone bus fare from $1.60 to $1.80, a trip from Jersey City to the Port Authority bus terminal in New York would increase …

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FAQs about Weigh in on NJ Transit 15% fare hike, looming deficits, corporate … Coupon?

Does New Jersey Transit have a 15% fare increase?

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. ...

Will NJ Transit hike fares?

There has not been a fare hike for nine years. The annual increases will create a more predictable increase, following this year’s large one — something like what the MTA has been doing for subway fares. Under NJ Transit’s plan, the least expensive one-way bus trip would increase from $1.60 to $1.80. ...

Why are NJ Transit fare increases double digit?

The double-digit fare increases come weeks after Murphy rejected calls to use a corporate business tax to help fund NJ Transit and, they are the first fare hikes since Murphy took office in 2018. ...

When will NJ Transit's 3% indefinite fare hike be voted on?

But there is one tricky logistical issue: timing. Story continues below photo gallery. The NJ Transit board is expected to vote in April on both the 15% fare hike starting July 1 and 3% indefinite fare increases every year after that. ...

How will New Jersey Transit handle a fiscal cliff?

NJ Transit is proposing a 15% fare increase — its first in almost 10 years — to be followed up with continual annual 3% fare increases. That and $44 million in financial cuts are expected to handle a predicted $119 million fiscal cliff for New Jersey’s transit system. ...

Why is NJ Transit a budget crunch?

Adding to NJ Transit’s budget crunch are rising costs and the winding down of significant federal aid that has helped sustain agency operations during the worst years of the pandemic. The proposed 15% hike under the latest proposed operating budget would be followed up in subsequent years with 3% annual fare increases. ...