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Targhee Regional Transit Authority bank account dwindles; employees worry about their jobs

Employees of Targhee Regional Transit Authority are expressing concerns over the organization’s finances.

According to the board’s vice chairman, Sean Colletti, the organization’s bank account is low. It is estimated there is just enough money in the account to pay employees one more time. Employees fear once that money is gone, they could be out of a job.

Colletti said the board is working on securing a line of credit to put money back into the bank account while they await federal funds for the Federal Transit Authority. The board hopes to have that money in the account soon but there is no timeline for when that will be.

If neither the loan or the federal funding comes through, Colletti said there is a contingency plan in place, but could not discuss it.

This is a developing story. KIFI/KIDK reporter Chris Oswalt has been investigating the finances of TRPTA for the last two months and is currently in the process of reviewing local and federal financial audits provided through a public records request. We will have more details in the coming weeks

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