LTA unable to cover debt service due to Ida damage
Damage from Hurricane Ida cut toll revenues for the Louisiana Transportation Authority by 78% in fiscal year 2022, leaving the LTA unable to cover its required debt service payments, according to the Louisiana Legislative Auditor. As a result, all tolling operations, manual collections, and invoicing were idle from August 28, 2021, through June 30, 2022, "the…
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