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New Jersey Transit Announces 15% Fare Hike, First in Nearly a Decade

The increase, aimed at closing a $106.6 million budget gap, is set to take effect on July 1, followed by annual 3% hikes in subsequent years.

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A person boards a NJ Transit train at the Hoboken Transit Terminal on September 1, 2023, in Hoboken, New Jersey.
An NJ Transit bus passes by the skyline of lower Manhattan and One World Trade Center in New York City on January 17, 2020 in Weehawken, New Jersey.

Overview

  • New Jersey Transit has announced plans to increase fares by 15% starting July 1, 2024, marking the first fare hike in nearly a decade.
  • The fare increase is part of a plan to close a projected $106.6 million budget gap for the upcoming fiscal year.
  • Following the initial increase, the plan also includes annual fare increases of 3% in subsequent years.
  • The fare hike has been met with criticism from local leaders, who argue it will disproportionately burden low-income families and commuters.
  • Public hearings on the proposal will be held from March 4 to 8, with the agency's board expected to vote on the fare increase at its April 10 meeting.