This bill establishes new notice requirements for the New Jersey Turnpike Authority (NJTA), New Jersey Transit Corporation (NJT), South Jersey Transportation Authority (SJTA), and the Board of Public Utilities (BPU) regarding proposed fare, charge, and toll increases. Specifically, NJTA, NJT, and SJTA must provide copies of any proposal that would result in the creation of or an increase to a toll, fare, or charge to the Governor and the Legislature at least 15 days before public notice of the proposal. Additionally, NJTA is required to give 70 days' notice prior to implementing any such changes. The bill also mandates that the BPU provide similar notice for filings by public utilities that would lead to rate increases, ensuring that the Governor and Legislature are informed in advance.

Furthermore, the bill stipulates that the BPU must share its final decisions or orders regarding public utility filings that result in rate increases with the Governor and Legislature within 15 days of adoption. This legislative measure aims to enhance transparency and public engagement in the decision-making processes related to tolls, fares, and utility rates, ensuring that stakeholders are adequately informed and can participate in discussions surrounding these changes.

Statutes affected:
Introduced: 27:23-5.10, 27:23-9, 27:25-8, 27:25A-20, 48:2-32.7