NJ Transit Faces Rising Costs: What the New $3.5 Billion Budget Means for Your Commute

the staff of the Ridgewood blog

Ridgewood NJ, New Jersey commuters are watching closely as the NJ Transit board prepares for a pivotal vote on Thursday, July 16, regarding a massive $3.5 billion operating budget.

Coming just weeks after a fresh round of passenger fare hikes, this proposed budget represents an 11% increase over last year’s $3.16 billion spending plan. As costs for labor, fuel, and materials continue to soar, the agency is relying more heavily than ever on state subsidies and corporate taxes to keep the state moving.