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Thursday, July 9, 2009

NJ TRANSIT APPROVES BUDGET, NO FARE INCREASE

A $1.8 billion budget was adopted on Wednesday by New Jersey Transit, and the agency will not raise fare for a second year in a row. The Board of Directors held their meeting and is making for lost revenue through furloughs, wage freezes, and labor contract savings. The public transportation group is installing a second rail tunnel into New York City, and approved nearly $200 million for the project this year.