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NJ Transit’s Record Budget Breakdown | Jersey News
NJ Transit just got a record $3.5 billion budget — up 11% from last year — to tackle soaring costs and shaky revenue after a tough 12 months. The state’s pouring in $1.07 billion, including a direct subsidy and corporate fees, while fares keep climbing 3% annually since last year’s 15% jump. Advocates want more public input before hikes, arguing riders might pay more if they saw real service gains. Beyond state cash, the clean energy fund chips in $140 million and the Turnpike Authority sends $485 million — both vital as labor costs ballooned by $103 million and contract expenses jumped $55…
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