NJ Transit approves largest fare hike in agency history

Submitted by ragnarok on Tue, 04/20/2010 - 12:03
NJ Transit

http://www.nj.com/news/index.ssf/2010/04/nj_transit_board_approves_of_2…

(Excerpt. Visit the link for the full article)
Commuters are stinging today from the decision by NJ Transit’s board to raise train and some bus fares 25-percent — tied for the biggest fare hike in NJ Transit’s history — but the agency’s executive director said he didn’t expect another increase in the next three years.

"Short of the world coming to an end, we’re not going to be looking for a fare hike for quite a while," executive director Jim Weinstein said after the board approved fare increases of 25 percent for train and some bus riders and 10 percent for local bus riders and light rail commuters.

The fare hike, the first since a 9-percent increase in 2007, was needed to close a $300 million budget hole for the fiscal year that begins July 1, Weinstein said.