Current：Home > StocksNew Jersey Transit approves a 15% fare hike, the first increase in nearly a decade -MarketEdge
New Jersey Transit approves a 15% fare hike, the first increase in nearly a decade
View
Date：2025-04-13 12:43:13
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.
veryGood！ (9378)
Related
- Meta releases AI model to enhance Metaverse experience
- This holiday season, the mean ol’ Grinch gets a comedy podcast series hosted by James Austin Johnson
- Florida lawmakers to begin special session by expressing support of Israel
- College football Week 10 grades: Iowa and Northwestern send sport back to the stone age
- Louvre will undergo expansion and restoration project, Macron says
- NBA highest-paid players in 2023-24: Who is No. 1 among LeBron, Giannis, Embiid, Steph?
- Trial opens for ex-top Baltimore prosecutor charged with perjury tied to property purchases
- Animal shelters think creatively to help families keep their pets amid crisis
- All That You Wanted to Know About She’s All That
- 5 Things podcast: Israeli airstrikes hit refugee camps as troops surround Gaza City
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- The Fate of The Bear Will Have You Saying Yes, Chef
- Eagles' Jason Kelce screams like a madman in viral clip from win over Cowboys
- C.J. Stroud's monster day capped by leading Texans to game-winning TD against Buccaneers
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Stock market today: Asian markets advance after Wall Street logs its best week in nearly a year
- USC fires defensive coordinator Alex Grinch after disastrous performance against Washington
- Killing of Palestinian farmer adds to growing concerns over settler violence in West Bank
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
A Philippine radio anchor is fatally shot while on Facebook livestream watched by followers
Sofia Coppola imagines Priscilla's teen years, living at Graceland with Elvis
Officials in North Carolina declare state of emergency as wildfires burn hundreds of acres
Why members of two of EPA's influential science advisory committees were let go
Former Guinea dictator, 2 others escape from prison after gunmen storm capital, justice minister says
See Rachel Zegler Catch Fire in Recreation of Katniss' Dress at Hunger Games Prequel Premiere
Hungary has fired the national museum director over LGBTQ+ content in World Press Photo exhibition