NJ transit officials announced the start of a potentially sweeping realignment plan to reduce a projected $957 million shortfall.
that could snowball into a $957 million shortfall by fiscal year 2027, officials announced plans to look at cutting costs and raising revenues, including possible fare increases.
NJ Transit’s board approved sending those projections to Gov. Phil Murphy and to legislative leaders Wednesday night. “There is work we have to do to streamline NJ Transit and this agency has work to do before we go knocking on other people’s doors,” said Diane Guteirrez-Scaccetti, transportation commissioner.
Finally, fares, which have been held stable since the last increase in 2015, will be looked at. No decision has been made yet whether employee layoffs will be required of a workforce that is close to 12,000. “Throughout this realignment process, the quality of service and accessibility of our world-class public transportation system will remain our top priority.”
Experts and transit advocates renewed their call, made over several years, for a stable source of state funding for NJ Transit operations.through the April 2021 memorandum of understanding with the New Jersey Turnpike AuthorityAfter 2028, the turnpike subsidy continues at the $525 million level until NJ Transit becomes self-sustaining or a future administration and board of Turnpike Authority commissioners changes it, or eliminates it altogether, officials said.
“New Jersey residents who work in New York pay a portion of income tax to New York, and we deserve something back,” he said.
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