by R36 Combine Coach
New fares proposed for FY 2025
www.njtransit.com/hearing
Since 2015, NJ TRANSIT has held the line on fare increases while not only improving service performance, but adding additional service on more than 100 bus routes and absorbing the ongoing costs to operate service that replaced private carrier bus services abandoned by DeCamp, Coach USA and A&C, which represents more than $30 million alone.www.njtransit.com/press-releases/nj-transit-set-begin-public-hearings-fare-adjustment-proposal
As NJ TRANSIT began the preparations for the FY25 budget process, the agency underwent an intensive internal assessment to identify and maximize cost reductions and revenue enhancements.
Through a combination of $44 million in cost reductions, along with an additional $52 million in revenue enhancements, NJ TRANSIT is reducing the originally projected FY25 deficit and offsetting some mandatory, non-discretionary cost escalations. Included in the FY25 revenue enhancements are the proposed conclusion of the FLEXPASS pilot and the implementation of 30-day expiration dates on all one-way tickets. Internal savings and revenue enhancements alone, however, are not sufficient to eliminate this budget gap.
In order to close the remaining budget gap of $106.6 million, NJ TRANSIT is proposing a systemwide fare adjustment of 15 percent taking effect on July 1, 2024. This proposed fare adjustment, along with NJ TRANSIT’s internal efficiencies, savings and revenue enhancements would allow for a fully funded FY25 operating budget that avoids reducing service levels.
This fare adjustment proposal also includes annual systemwide increases of 3%, effective July 1, 2025 and going into effect on July 1st of each subsequent year – no fare would increase more than 3% annually.
www.njtransit.com/hearing
Since my friend continues to chain smoke nonstop, she is probably an Alco.