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| Re: NJT Proposed fares/cuts - The official release (188879) | |||
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Re: NJT Proposed fares/cuts - The official release |
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Posted by JAzumah on Sun Mar 7 19:26:59 2010, in response to Re: NJT Proposed fares/cuts - The official release, posted by kcram3500 on Sun Mar 7 18:34:59 2010. Your points are noted with respect.However, I would disagree with the "looks worse" proposition. Even in those days, a 22% spike was a big number. This was compounded with fuel shortages and the worst economic climate (to that date) since the Great Depression. The big issue is that NJT is having a cash. The monthly pass probably helped their cash flow a ton since borrowing back then was expensive, but $22 is a big number compared with 60 cents. The private carriers have complained for ages that NJT underprices their buses. Perhaps they are biting the bullet partially so that the private carriers can "match" and stay afloat. I know that they are worried about Jersey City local bus service. |
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