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NJ Transit stages record raid on capital accounts to pay bills

(Source: Bloomberg, July 17, 2017)

NEW YORK — New Jersey Transit is using a record $505 million earmarked for maintenance and other capital improvements to plug a hole in its operating budget through mid-2018, continuing the years-long practice of raiding that fund to pay for day-to-day expenses.

Full story: Bloomberg

Monday, July 17, 2017

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