N.J. Transit Approves Lower Fare Increases
NEWARK, N.J. – The N.J. Transit Board of Directors on April 21 approved an FY 2006 fare plan that delivers lower than expected fare increases for many commuters, as a result of $12.6 million in additional internal management efficiencies and revenue enhancements. Under the plan, which will take effect July 1, commuter rail and interstate bus fares will increase an average of 9.9 percent – down 25 percent from the original proposal. This level of increase is consistent with inflation, which already totals 9 percent since April 2002 – the last last fare increase – and is widely expected to