The Daily Gazette
The Locally Owned Voice Of The Capital Region

CDTA OKs borrowing to purchase 15 buses

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Citing anticipated low interest rates, the Capital District Transportation Authority has decided to borrow $6.9 million to pay for its next round of bus purchases. The CDTA board decided Wednesday to borrow the money in 2014 to pay for 15 new buses it is now ordering for delivery a year from now. It is the second year in a row CDTA has borrowed for buses, rather than pay cash as it did for many years. ...

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