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Audit: Tolls unable to cover transportation authority's debt obligations

— The state Route 1 project began more than 20 years ago and is expected to take another seven years to be fully completed. The project's funding has required a great deal of bonds and taxpayer assistance.

If the Louisiana Transportation Agency's operating revenues continue fall short of expectations, it might struggle to cover debt service payments on its bonds.

According to the Louisiana Legislati…

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