New Jersey Transit is getting closer to a fiscal cliff. The agency has been able to avoid service cuts or fare hikes for the last five years, due in large part to federal pandemic relief funds. But that money is set to run out in 2025, and without it NJ Transit predicts it will be short by more than $119 million. The shortfall could snowball to nearly $1 billion, according to the agency’s four-year budget forecast unless NJ Transit raises fares or gets more state aid. Read more from NJ Spotlight News.