JACKSONVILLE, Fla. – The Jacksonville City Council’s financial audit and oversight committee met Tuesday to question former Jacksonville Transportation Authority Chief Financial Officer Raj Srinath about how the agency accumulated a $40 million deficit.
Committee members grew frustrated at times, saying Srinath wasn’t directly answering their questions.
Srinath pointed to the NAVI program as a major source of financial strain on JTA. He also told the committee he had not been providing financial projections to the agency’s board, saying those projections were not included in board packets he reviewed during the full year before he joined the agency…