Hudson Valley commuters may soon see fare hikes and cuts to services on the New Jersey Transit.

NJ Transit, which serves Rockland and Orange counties, says it is facing a $300 million budget deficit for the 2011 fiscal year. The agency?s executive director, James Weinstein, says ?We will not ask our customers to pay more at the fare box until we have identified every possible efficiency, and sacrificed internally.?

New Jersey Gov. Chris Christie stated last week that he would withhold more than $30 million from this year?s budget.

NJ Transit will hold a series of public meetings on proposed changes to fares and service.