NJ Transit is getting a fare hike-- a whopping 10%:
Citing system wide service growth driven by increasing ridership demand, inflation, and other key cost drivers, NJ TRANSIT Executive Director George D. Warrington today projected an estimated $60 million operating need in FY08 that requires the agency’s Board of Directors to consider an average fare increase of about ten percent.
“Despite our actions to contain costs, basic inflation alone adds $45 million of expense every year before we begin to pay for substantially expanded rail, light rail and bus services,” Warrington said.
Comments (1)
Re: the "proposed" (I use the term loosely because we ALL know they are going to be pushed through, as always) NJ Transit fare hikes, a very astute reader made the following keen observation on the APP.com website:
Lets see. One story says that NJT wants to spend $400 million for camera equipped buses. The next story says that NJT will require a fare increase because of a $60 million shortfall. Here's a suggestion. Buy only $340 million in new buses. Case closed, budget balanced.
Posted by: Marlboro Man on Tue Jan 23, 2007 12:56 pm