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NJ Transit delays mount after agency stalls projects to pay bills

from Bloomberg

Public-transportation agencies typically ask their states and cities to ante up when they run short of funds for operating expenses like paying employees, fixing tracks or replacing worn parts. Not New Jersey Transit. This year, almost one-fourth of its operating budget comes courtesy of an accounting maneuver that shifts federal capital funding intended for long-term improvements to more immediate needs, according to Federal Transit Administration data compiled by Bloomberg. more


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