TITLE

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

AUTHOR(S)
Braun, Martin Z.
PUB. DATE
November 2001
SOURCE
Bond Buyer;11/20/2001, Vol. 338 Issue 31269, p37
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
7564306

 

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