Matt Trapani

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Apr 9, 2024, 10:31 PM

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Updated

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NJ Transit unveils $3B modernization plan to upgrade trains, buses, service vehicles by 2031

New Jersey Transit’s Board of Directors will vote Wednesday on a proposed 15% fare hike.

If the proposal passes, it will go into effect on July 1.

MORE: NJ Transit holds public hearing in Hackensack regarding possible fare hike

MORE: Traveling into NYC could get more expensive as NJ Transit, MTA consider price increases

The proposed hike comes as NJ Transit is facing a $120 million budget shortfall for the year.

For 2025, it is nearly a $1 billion shortfall.