Management & Operations

NJ Transit approves 10% fare increase

Posted on January 9, 2002

New Jersey Transit approved an average 10% fare increase on Monday for its 380,000 daily train and bus riders.The new fare policy initiative, effective April 1, 2002, is the first step NJ Transit will take to close a projected $3.1 billion operating and capital budget gap. The fare policy will generate an additional $38 million annually.NJ Transit, the nation's third largest public transit system, has not implemented a fare increase since 1991.The system's farebox revenues fell 29% since 1991, while expenses rose 67%.

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