NJ Transit Fares Won't Increase in 2013
Capital program includes funding for several new trains and buses
Commuting can be stressful and time consuming, but it seems no matter how you slice it it's always expensive. Even buying a monthly rail ticket, it costs about $5,000 a year for the trek from the Red Bank or Little Silver station to New York Penn Station. With that in mind, it may come as a relief to commuters that NJ Transit will not be upping their fares in 2013. The Board of Directors recently approved a $1.904 billion operating budget and a $1.152 billion capital program for the 2013 fiscal year, which began on July 1, according to a news release from the company. Fares account for $894.2 million, which is nearly half of the operating budget. The remainder is drawn from about $109.8 million in commercial revenues, $363 million in …
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