NJ Transit approves no fare hikes - New York News

NJ Transit approves no fare hikes

Posted: Updated:
NJ Transit NJ Transit

NEWARK, N.J. (AP) - New Jersey Transit has approved a budget that includes no fare hikes for the fifth consecutive year.

The agency's board of directors unanimously approved the spending plan during Wednesday's monthly meeting in Newark.

The $2 billion operating budget contains no fare hikes. Fares last rose by up to 25 percent on NJ Transit rail and bus lines in 2010.

Passenger revenues are projected to rise by about one percent in the current fiscal year, which began July 1.

NJ Transit's board also approved a $1.2 billion capital program that includes $180 million for infrastructure improvements. About $470 million of the capital program will be funded from the state Transportation Trust Fund, with approximately $700 million coming from federal sources.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • New Jersey NewsNew Jersey NewsMore>>

  • Why is Atlantic City collapsing?

    Why is Atlantic City collapsing?

    Sunday, August 31 2014 8:38 PM EDT2014-09-01 00:38:30 GMT
    AP file photoAP file photo
    For decades, making some quick cash was the main drive behind so many who took the ride down the parkway to Atlantic City. But with so much to choose from nowadays, it looks like Atlantic City is in a lot of trouble.
    For decades, making some quick cash was the main drive behind so many who took the ride down the parkway to Atlantic City. But with so much to choose from nowadays, it looks like Atlantic City is in a lot of trouble.
  • 6 rescued from sinking boat off NJ

    6 rescued from sinking boat off NJ

    Sunday, August 31 2014 5:53 PM EDT2014-08-31 21:53:06 GMT
    Six people were saved as their boat was sinking in waters near the New Jersey coast. 
    Six people were saved as their boat was sinking in waters near the New Jersey coast. 
  • Showboat closing after 27 years in Atlantic City

    Showboat closing after 27 years in Atlantic City

    Sunday, August 31 2014 2:58 PM EDT2014-08-31 18:58:04 GMT
    The show is ending for the Showboat Casino Hotel in Atlantic City.
    The show is ending for the Showboat Casino Hotel in Atlantic City.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices