NEWARK – NJ Transit customers will not face fare increase or major service cuts under the new $1.8 billion operating budget approved by the agency’s board of directors today.
The transit agency has been able to absorb a reduction in state aid through planned furloughs, wage freezes and labor contract savings, according to executive director Richard Sarles.
NJ Transit also approved a $1.4 billion capital program that includes nearly $200 million for construction of a second rail tunnel into New York City. The transit agency will also continue to replace aging trains and buses and make improvements to Metropark, South Amboy, Ridgewood, Somerville and Newark Penn Station.
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