NJ Transit OKs budget that holds line on faresPosted: Updated:
(AP) - NJ Transit has approved a 2012 operatingbudget that holds the line on fares.
The nearly $1.9 billion spending plan adopted by the agency'sboard on Wednesday is $85 million higher than 2011. Officials saysome of the increase is due to higher fuel costs.
The board also approved a $1.16 billion capital budget, with $64million for systemwide improvements. Those include $16 million fortechnology upgrades and $2.6 million for police radios andequipment.
NJ Transit is the nation's largest statewide publictransportation system, with 240 bus routes, three light rail linesand 12 commuter rail lines.
About 428,000 people use the system each weekday. It gets abouthalf its revenue - nearly $900 million - from fares.