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Posted: Thursday, 09 July 2009 5:35AM
NJ Transit Passes Budget Without Service Cuts or Fare Hikes
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NEWARK, NJ (AP) -- For the second year in a row, NJ Transit says it won't increase fares.
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The agency's board of directors Wednesday approved a $1.8 billion operating budget for the next fiscal year that also avoids major service cuts.
Executive Director Richard Sarles says NJ Transit has been able to absorb a reduction in aid from the state through planned furloughs, wage freezes and labor contract savings.
NJ Transit also approved a $1.4 billion capital program for the year that dedicates nearly $200 million to the construction of a second rail tunnel into New York City.
Other projects include replacing aging trains and buses and making improvements at Metropark, Newark Penn Station and Ridgewood, Somerville and South Amboy stations.
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