New Jersey Transit to Raise Fares for First Time in Over 6 Years
By Matis Glenn
New Jersey Transit will raise fares by 15% starting this summer, marking the first increase in over six years.
Fares for statewide buses and trains will rise starting July 1, New Jersey Transit announced Wednesday, to address a large budget deficit.
As part of the plan, fares will rise 3% annually.
The agency gave examples of how much the fares will cost under the new pricing system; one of which was a bus ticket from Tom’s River to the Port Authority in Manhattan. The fare for that trip will go up to $24.40; an increase of $3.15.
Despite receiving billions of dollars in federal aid during the pandemic, New Jersey Transit says it has not been able to find its footing financially after the drop in ridership which started in early 2020.
In July, the agency reported a deficit of over $100 million.
To Read The Full Story
Are you already a subscriber?
Click "Sign In" to log in!
Become a Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Become a Print + Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Renew Print + Web Subscription
Click “Renew Subscription” below to begin the process of renewing your subscription.
