The Jacksonville Transportation Authority board approved a plan Wednesday to use $30 million in previously appropriated funds to pay down debt, part of a broader effort to address the authority's financial challenges. | Jacksonville Daily Record
Published on September 23, 2026 at 5:02 pm
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The Jacksonville Transportation Authority is preparing to take $30 million appropriated for major projects to pay down its debts, with the authority’s board approving the move at a meeting Wednesday.
The measure, which requires City Council approval, would mark the first step in how the authority uses hundreds of millions of dollars in Local Option Gas Tax funds.
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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.
Read the rest of this story at the Jacksonville Daily Record, a Jacksonville Today news partner.
