(Jacksonville, FL – September 18, 2025) The Jacksonville Transportation Authority (JTA) is pleased to announce that it’s Local Option Gas Tax (LOGT) revenue bond has received a ‘AA’ rating from Kroll Bond Rating Agency (KBRA) with a ‘Stable’ outlook.

"The long-term rating continues to reflect comfortable coverage of the gas tax revenue bond debt service from Local Option Gas Tax (LOGT) revenues, the adequate legal framework supporting bond repayment, and the depth and diversity of the County’s economic base," read KBRA’s September 15, 2025 Surveillance Report.

The report references the JTA’s pledged revenues have comfortably covered its debt service, as well as its agility to withstand revenue fluctuations and its short average life.

"Our stability and affirmed 'AA' rating illustrates the JTA’s strong financial position, sound fiscal management, and low debt burden outlook," stated Heather Obora, JTA Chief Financial Officer. "With the pandemic in the rearview and no future debt on the horizon, the JTA will continue to deliver for the people of Jacksonville," Obora said.

The KBRA Public Finance Surveillance Report prepared by Joanne Ferrigan and Peter Scherer is available here.

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About the Jacksonville Transportation Authority (JTA)

The Jacksonville Transportation Authority (JTA) is an independent state agency serving Jacksonville, Florida, and Northeast Florida with multi-modal responsibilities. The JTA provides varied mass public transit services and builds roads, bridges, and other infrastructure to enhance mobility in Jacksonville. Public transportation services include BRT and regular bus service, paratransit, the St. Johns River Ferry, Skyway APM, and other mobility and on-demand services in Duval, Clay, Nassau, and St. Johns counties. To learn more, visit www.jtafla.com.