NEW JERSEY (PIX11) – An NJ Transit board has approved a 15% fare hike on Wednesday in an effort to ease its financial deficit.
Fares will be raised starting on July 1 and will increase by 3% each summer after that. The agency cited the COVID-19 pandemic and a dip in ridership that cost it $2 billion in revenue.
The agency has reduced costs by $44 million and identified another $52 million in savings, but said it does not cover the deficit the agency is experiencing.
The agency hasn’t raised its prices since 2015, when it increased fares by 9%.
The fare increase comes as the state battles the MTA over congestion pricing. Drivers entering Manhattan's Central Business District will have to pay a $15 toll during peak hours starting in June.
New Jersey sued the MTA over the new toll plan, arguing that it will cost residents millions but doesn’t help fund improvements in New Jersey transit.
Erin Pflaumer is a digital content producer from Long Island who has covered both local and national news since 2018. She joined PIX11 in 2023. See more of her work here.
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