{"id":408810,"date":"2026-09-24T01:02:14","date_gmt":"2026-09-24T01:02:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/408810\/"},"modified":"2026-09-24T01:02:14","modified_gmt":"2026-09-24T01:02:14","slug":"jta-takes-first-steps-with-city-to-solve-financial-troubles","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/408810\/","title":{"rendered":"JTA takes first steps with city to solve financial troubles"},"content":{"rendered":"<p id=\"h1003117-p1\">The Jacksonville Transportation Authority is preparing to take $30 million appropriated for major projects to <a href=\"https:\/\/jaxtoday.org\/2026\/09\/17\/jta-layoffs-bus-service-skyway-navi\/\" rel=\"nofollow noopener\" target=\"_blank\">pay down its debts<\/a>, with the authority\u2019s board approving the move at a meeting Wednesday.\u00a0<\/p>\n<p id=\"h1003117-p2\">The measure, which requires City Council approval, would mark the first step in how the authority uses hundreds of millions of dollars in <a href=\"https:\/\/jaxtoday.org\/2026\/08\/28\/jta-autonomous-vehilcles-gas-tax\/\" rel=\"nofollow noopener\" target=\"_blank\">Local Option Gas Tax<\/a> funds.<\/p>\n<p id=\"h1003117-p3\">Council members will deliberate Ordinance 2026-0780 in coming weeks, which would serve as final approval on allowing JTA to use the $30 million. JTA said it would pay down a $25 million line of credit and avoid interest payments on that debt, with the requirement it pays back the $30 million by 2037.<\/p>\n<p><a href=\"https:\/\/www.jaxdailyrecord.com\/news\/2026\/sep\/23\/jta-city-take-first-steps-to-solve-authoritys-financial-woes\/\" rel=\"nofollow noopener\" target=\"_blank\">Read the rest of this story<\/a> at the Jacksonville Daily Record, a Jacksonville Today news partner.<\/p>\n","protected":false},"excerpt":{"rendered":"The Jacksonville Transportation Authority is preparing to take $30 million appropriated for major projects to pay down its&hellip;\n","protected":false},"author":2,"featured_media":408811,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[116,118,117],"class_list":["post-408810","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jacksonville","tag-jacksonville","tag-jacksonville-headlines","tag-jacksonville-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/408810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=408810"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/408810\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/408811"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=408810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=408810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=408810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}