Jacksonville Transportation Authority board members are demanding clarity on the agency's financial crisis. The city council has proposed a $30 million zero-interest loan from gas tax funds to help the struggling agency. This loan is intended to cover existing debt and prevent further financial collapse. However, the proposal does not address severance costs for nearly 200 employees facing layoffs. Board members expressed concern about the long-term financial management of the JTA.
Jacksonville, Florida
https://www.wokv.com/news/local/jta-board-demands-answers-city-offers-30m-gas-tax-loan-keep-agency-afloat/6ASPYEHXRJAC7FAMGF6Q3YHS6U/?outputType=amp