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NJ Transit to present budget, address $46 million gap

Adam E. Moreira, Wikipedia


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.