Report Warns of Trouble for Heavily Leveraged N.J. Transit

Braun, Martin Z.
November 2001
Bond Buyer;11/20/2001, Vol. 338 Issue 31269, p37
Trade Publication
Reports that New Jersey's state transportation agency New Jersey Transit is facing a financial crisis due to lack of government funding, growing debt, and massive expansion plans, leaving the agency's viability in question. Reason why the agency is in considerable financial debt; Possibility of an increase in transportation fares for overcoming the funding gap.


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