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NJT Biggest Loser in Amtrak Cost-Sharing Plan


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#1 CNJRoss

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Posted 13 October 2015 - 07:05 AM

Bloomberg Politics, 10/8:

 

New Jersey Transit Biggest Loser in Amtrak Cost-Sharing Plan

 

Amtrak is quietly billing railroads in nine East Coast states more than $500 million starting this month, with the brunt born by cash-strapped New Jersey Transit.

 

The Garden State’s mass-transportation agency must put $199.2 million toward the national rail service’s operating and capital expenses, according to documents obtained by Bloomberg. The hit increases the likelihood of another budget shortfall just a week after New Jersey Transit raised fares 9 percent to generate $56 million.

 

Federal law requires Amtrak, starting Oct. 1, to assess part of operating and capital costs to users of its Northeast Corridor, the busiest U.S. passenger line, amid dwindling congressional allocations. Though billing breakdowns were circulated in an internal Amtrak summary dated Sept. 17, New Jersey Transit, the nation’s third-biggest commuting service, has declined to disclose the figure or to discuss the potential impact on fares.

 

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