NJ Transit proposes 15% fare hike for commuters due to deficit

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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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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NJ Transit Proposes 15% Fare Hike Effective July 1 - PIX11

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Jan 24, 2024 · To close the $106.6 million gap, NJ Transit said they are proposing a systemwide fare increase of 15% to go into effect on July 1, the start of the new fiscal year. *Access Link …

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15% NJ Transit Fare Hike Would Be A ‘huge Burden’ On Working …

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Mar 9, 2024 · Friday was the end of a public comment period on the potential hike. NJ Transit’s board of directors is scheduled to vote on the fare increase on April 10. Pending approval it …

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

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Sponsored Content. There are 10 public hearings this week as NJ Transit weighs its first fare hike in nine years and Murphy proposed a corporate tax to hit budget woes.

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Critics: Fare Hike Highlights Need To Rethink NJ Transit Funding

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Jan 31, 2024 · The proposed 15% fare hike would help close a projected nearly $107 million operating deficit in that fiscal year, officials said. Moreover, instead of cutting service, NJ …

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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 …

nj.com

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NJ Transit Board Approves 15% Fare Hike Proposal - FOX 5 New York

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Apr 10, 2024 · NEW JERSEY - The NJ Transit board approved a 15% fare hike proposal that will start in July. Fares will be raised by 3% each year after that. The proposal also calls for $96 …

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NJ Transit Faces Fiscal Cliff, Proposes 15% Fare Hike Across The …

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Mar 11, 2024 · In January, New Jersey Transit announced its intention to raise bus and rail fares 13% to 15% while keeping service at current levels. This will be the first fare increase for NJ …

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

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Jan 24, 2024 · Listen. 3:22. 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 …

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NJ Transit Votes To Raise Fares 15% Despite Protests And Pleas

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Apr 10, 2024 · NJ Transit has approved a 15% fare increase starting July 1, and a perpetual 3% annual fare hike starting in 2025. ... get action on Gov. Phil Murphy’s proposed corporate …

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PATH Fare Hike In New Port Authority Budget. See How Much You …

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2 days ago · PATH fares would increase by 25 cents to $3, effective Jan. 12, which is the first fare hike since 2014. A two tiered toll increase is proposed, an inflationary 43-cent per vehicle axle …

nj.com

FAQs about NJ Transit proposes 15% fare hike for commuters due to deficit Coupon?

Will New Jersey Transit hike bus fares?

Agency announces 15% increase in bus and rail fares but says it has no plans to reduce service levels New Jersey Transit is planning to hike bus and rail fares by 15% starting this July to help close a projected budget deficit of more than $100 million, agency officials announced Wednesday. ...

Will a 15% fare hike avoid NJ Transit's next fiscal cliff?

Proposed 15% fare hike won’t avoid NJ Transit’s next fiscal cliff. What can the state do? - nj.com Proposed 15% fare hike won’t avoid NJ Transit’s next fiscal cliff. What can the state do? NJ Transit is proposing a 15% fare increase — its first in almost 10 years — to be followed up with continual annual 3% fare increases. ...

How much will NJ Transit increase its budget?

The proposed increase, comes after NJ Transit's preliminary estimates for Fiscal Year 2025 found a budget deficit of $119 million. The proposed hike is to the tune of $15 percent starting July 1 of this year and a 3% annual increase afterwards taking effect July 1, 2025. ...

Will NJ Transit increase fares?

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 NJ Transit officials Wednesday. The proposal would also preserve service at current levels for the next fiscal year, which begins in July. ...

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. ...

When will NJ Transit's fare hike take effect?

Friday was the end of a public comment period on the potential hike. NJ Transit’s board of directors is scheduled to vote on the fare increase on April 10. Pending approval it would take effect on July 1. After that, the proposal calls for an automatic 3% annual fare increase starting on July 1, 2025, and occurring annually without an end date. ...