Ponce
14th April 2010, 09:48 AM
The lower the pay the higher the charges......
========================================
New Jersey Transit Approves 25% Train-Fare Increases (Update1)
Share Business ExchangeTwitterFacebook| Email | Print | A A A
By Terrence Dopp
April 14 (Bloomberg) -- New Jersey Transit’s board of directors approved fare increases of 25 percent for trains and New York City-bound buses to help the third-largest U.S. transit system close a $300 million budget deficit.
Agency director James Weinstein pared back the increase for local-bus and light-rail trips to 10 percent from an original proposal of 25 percent after commuters complained at public hearings, spokesman Dan Stessel said. Interstate buses will be subject to the full 25 percent boost, Stessel said.
“We have done our very best to minimize the financial pain to those who can least afford to pay more, while still being fiscally responsible,†Weinstein said in a statement. “To do more would require crippling cuts that would undermine the transit system so badly it would be unable to serve our customers when the economy recovers and ridership demand grows again.â€
More......http://www.bloomberg.com/apps/news?pid=20601087&sid=aBACxmlTOHkk&pos=9
========================================
New Jersey Transit Approves 25% Train-Fare Increases (Update1)
Share Business ExchangeTwitterFacebook| Email | Print | A A A
By Terrence Dopp
April 14 (Bloomberg) -- New Jersey Transit’s board of directors approved fare increases of 25 percent for trains and New York City-bound buses to help the third-largest U.S. transit system close a $300 million budget deficit.
Agency director James Weinstein pared back the increase for local-bus and light-rail trips to 10 percent from an original proposal of 25 percent after commuters complained at public hearings, spokesman Dan Stessel said. Interstate buses will be subject to the full 25 percent boost, Stessel said.
“We have done our very best to minimize the financial pain to those who can least afford to pay more, while still being fiscally responsible,†Weinstein said in a statement. “To do more would require crippling cuts that would undermine the transit system so badly it would be unable to serve our customers when the economy recovers and ridership demand grows again.â€
More......http://www.bloomberg.com/apps/news?pid=20601087&sid=aBACxmlTOHkk&pos=9