Fare hikes, service cuts loom for NJ Transit
NJ Transit is expected to unveil a proposal to increase fares by up to 30 percent and cut service on many lines by Friday.
Executive Director James Weinstein released a statement Tuesday announcing an emergency spending freeze, reduction in the workforce and cuts to executive salaries. These measures are in the wake of an 11 percent cut in state subsidies announced by Gov. Chris Christie (R-N.J.) last month.
The anticipated fare increases and service cuts are expected to be systemwide. "Unfortunately, fare and service changes will have to be a part of NJ Transit's overall response to this financial crisis," Weinstein said. "I know this will be painful for our customers."
NJ Transit is facing a projected $300 million budget gap for the fiscal years 2010 and 2011.