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NJ Transit station in Trenton

Posted: Thursday, 09 July 2009 5:35AM

NJ Transit Passes Budget Without Service Cuts or Fare Hikes



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.

Copyright 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. Audio Content and Graphic Content Copyright 2009 WCBS-AM 880.
 
 
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