In our spotlight on Business report, free rides for New Jersey Transit customers for one week.

Governor Murphy today announcing a fare holiday for riders will take place August 26th through September 2nd.

It's meant to serve as an apology to commuters who dealt with a brutal summer of delays and cancellations.

During that time, fares will be waived on all New Jersey transit busses, trains and light rails.

Monthly customers will get a 25% discount on September passes.

A spokesperson for NJT today confirmed the week of free rides will cost the agency about $19 million.

It all comes after a 15% fare increase went into effect this July.

That was the first in nine years with plans for a 3% annual increase in the coming years to help cover a budget shortfall.

And it comes on the heels of a new business surtax aimed at boosting finances for the troubled agency.

Well, the head of New Jersey's Business and Industry Association today said the announcement, quote, smacks of unfairness to the state's business community, saying it sends a frustrating message since none of the money has been committed to New Jersey Transit this year.

I think it's the least we could do.

We are fixing it.

We just raised a corporate transit fee that will raised annually between 800 million and $1,000,000,000 to do what NJ Transit needs to be done to get new equipment, etc.

that's going to take care of itself.

This is a tip of the cap to say thank you.

Thanks for your patience.

We're not you're not happy with the performance this summer?

Neither are we.