{"id":427317,"date":"2026-10-14T05:20:13","date_gmt":"2026-10-14T05:20:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/427317\/"},"modified":"2026-10-14T05:20:13","modified_gmt":"2026-10-14T05:20:13","slug":"jacksonville-city-council-approves-30-million-loan-for-jta-amid-financial-crisis","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/427317\/","title":{"rendered":"Jacksonville City Council approves $30 million loan for JTA amid financial crisis"},"content":{"rendered":"<p class=\"mb-4 text-lg md:leading-8 break-words\">Jacksonville City Council unanimously approved a plan Tuesday to provide the Jacksonville Transportation Authority with $30 million in gas tax revenue as the agency works through a major financial shortfall.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The funding will function as a loan, with JTA expected to repay the money over time.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Council members voted 15-0 in favor of the measure, despite mixed reactions from residents who spoke before the vote.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">&#8220;We all should support it. We really have no choice,&#8221; Councilman Ron Salem said.<\/p>\n<p><a data-ylk=\"slk:&gt;&gt;&gt; STREAM ACTION NEWS JAX LIVE &lt;&lt;&lt;;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/www.actionnewsjax.com\/live-breaking\/\" rel=\"noopener nofollow\" target=\"_blank\">&gt;&gt;&gt; STREAM ACTION NEWS JAX LIVE &lt;&lt;&lt;<\/a><\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">&#8220;Getting back to what the JTA is supposed to be doing and that&#8217;s providing transportation to our community,&#8221; Councilman Mike Gay said.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Last month, Action News Jax reported that nearly 200 employees could be laid off as JTA works to close a $39 million budget gap.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Residents offered differing opinions during Tuesday night&#8217;s meeting.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">&#8220;The people didn&#8217;t create this crisis, and we shouldn&#8217;t have to pay for it,&#8221; one resident said.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Another resident supported the move, citing concerns about transportation affordability.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">&#8220;The routes got cut; it was really bad. I&#8217;m hoping that the gas tax &#8230; the changes to the gas tax will help address some of the affordability issues that they&#8217;re having,&#8221; the resident said.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">District 7 Councilman Jimmy Peluso emphasized that the funding does not represent new money for the authority.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">&#8220;They&#8217;re just getting access to dollars that they would&#8217;ve otherwise gotten access to at a later date,&#8221; Peluso said.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Under the agreement, JTA will have until 2037 to repay the money, which is intended to support transportation-related projects.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">&#8220;I think they&#8217;re going to get to a place where they solve it. Relatively quickly,&#8221; Peluso said.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Salem noted that JTA has already taken out a $25 million loan and described the agency&#8217;s situation as a &#8220;death spiral.&#8221; Several council members agreed that Tuesday&#8217;s vote represents a step toward stabilizing the authority&#8217;s finances.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">[DOWNLOAD: <a data-ylk=\"slk:Free Action News Jax app for alerts as news breaks;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/www.actionnewsjax.com\/mobile-apps\/\" rel=\"noopener nofollow\" target=\"_blank\">Free Action News Jax app for alerts as news breaks<\/a>]<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">[SIGN UP: <a data-ylk=\"slk:Action News Jax Daily Headlines Newsletter;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/membercenter.actionnewsjax.com\/newsletters\/\" rel=\"noopener nofollow\" target=\"_blank\">Action News Jax Daily Headlines Newsletter<\/a>]<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a data-ylk=\"slk:Click here;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/www.actionnewsjax.com\/mobile-apps\/\" rel=\"noopener nofollow\" target=\"_blank\">Click here<\/a> to download the free Action News Jax news and weather apps, <a data-ylk=\"slk:click here;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/www.actionnewsjax.com\/mobile-apps\/\" rel=\"noopener nofollow\" target=\"_blank\">click here<\/a> to download the Action News Jax Now app for your smart TV and <a data-ylk=\"slk:click here;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/www.actionnewsjax.com\/video\/\" rel=\"noopener nofollow\" target=\"_blank\">click here<\/a> to stream Action News Jax live.<\/p>\n","protected":false},"excerpt":{"rendered":"Jacksonville City Council unanimously approved a plan Tuesday to provide the Jacksonville Transportation Authority with $30 million in&hellip;\n","protected":false},"author":2,"featured_media":427318,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[116,118,117],"class_list":["post-427317","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\/427317","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=427317"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/427317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/427318"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=427317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=427317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=427317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}