NJ Transit is facing a fiscal cliff as federal relief funds run out, prompting the agency to enact a new corporate business surtax to address budget gaps.
The state will sell $2.4 billion in bonds to support infrastructure upgrades, although specific spending plans for the funds have not yet been disclosed.
Recent fare hikes and a fare-free week created mixed reactions among riders, highlighting tensions in NJ Transit’s management amidst ongoing service disruptions.
Investigations into NJ Transit’s rail infrastructure were prompted by significant delays and cancellations, though the root causes of these disruptions remain unclear.
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