New Jersey Transit approves a 15% fare hike, the first increase in nearly a decade
The increase, which takes effect July 1, also calls for annual, regular fare increases of 3% in subsequent years. It's the first time rates will rise in nearly 10 years.
(Edwin J. Torres/Office of Gov. Phil Murphy)
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.
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