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NJ Transit to use record US$505m from capital fund to pay bills

Monday, July 17, 2017 - 05:50

Trenton, New Jersey

NEW Jersey Transit is using a record US$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.

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