Fare Hikes, Meltdowns, and Millionaire Exodus | New York City News

New York City News Today | 2 Min News | The Daily News Now! · Jul 19, 2026 · 1m

NJ Transit’s recent 3% fare hike hit commuters hard—just as a summer heatwave exposed a major system meltdown. CEO Kris Kolluri weighs the tough balancing act of funding upgrades without crushing riders. Meanwhile, New York faces a billion-dollar tax revenue drain as wealthy residents flee, sparking debate over whether taxing the rich is actually harming the city’s long-term economic health. Both states are navigating the same high-stakes tension: keeping essential services alive while adapting to shifting economic winds. Listen in comfort:Get a discount on a Soli Pillow…