NJ Transit Adopts $2.9B Operating Budget, No Fare Hikes

July 20, 2023 | njspotlightnews.org

Photo Credit: Official Logo - NJ Transit | Public Domain

The board of New Jersey Transit on Wednesday approved a new $2.86 billion operating budget that does not raise fares. But it also does not offer a way to keep the agency from falling off a looming billion-dollar fiscal cliff in a couple years.

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NJ SEED: NJ Transit provides vital services to Garden State residents. Taxpayers currently provide substantial support, but the future looks gloomy for a transportation system in need of a substantial infusion of cash.