NJ Transit to present budget, address $46 million gap
New Jersey Transit is due to present a proposed $2.1 billion operating budget for the coming fiscal year that doesn't include any fare increases.
A board committee is scheduled to hear the presentation Wednesday morning.
NJ Transit officials are expected to address how they plan to close a $46 million operating budget gap without raising fares. The gap is due to retroactive pay that bus workers are owed under terms of a labor agreement reached last fall.
Republican Gov. Chris Christie announced in March there would be no fare increases for the next fiscal year.
NJ Transit raised fares an average of 9 percent last year, its fifth fare increase since 2002.