“It’s a really good announcement to know that the fares will be kept stable, given inflation and the cost of living. The longest period between fare increases was between 19. Murphy’s announcement preserves fares at 2015 levels, the date of the last fare increase. In the video, shot at the Red Bank train station, Murphy said there will be no fare increases for all NJ Transit riders, making a record of “zero percent” under his administration, compared to “38% under the previous administration.” That referred to two fare increases in 20 under his predecessor, former Gov. Murphy made the announcement in a video posted on Twitter and ahead of his fiscal year 2024 state budget address on Tuesday The new fiscal year starts on July 1.
Phil Murphy made it official on Friday - NJ Transit fares will be held stable for a sixth straight year, the second longest period in the agency’s history.
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