While NJ Transit’s vote to increase fares by 15% puts an immediate budget question to bed, it is far from the end of debate about the bigger picture of solving the financial woes of the nation’s third largest transit agency. “This gets us to next year,” NJ Transit CEO Kevin Corbett said April 10 after the agency’s board voted to increase fares starting July 1, and hike the rates by an additional 3% annually starting on July 1, 2025 and continuing with no end date. Looming on the horizon is a projected $766 million fiscal gap in fiscal year 2026, which starts on July 1, 2025. The fare hikes red…