I would ask how much of their debt is pure union. Union pensions, extortionate wages and benefits for very little productivity. They are running out of other people’s money. The dems will save them because their existence is required for democrat lack of car ownership.
New Jersey allowed private companies using former school “short buses” to compete with NJ Transit-run local routes in Hudson and Passaic counties about two decades ago, and those proved more popular and even profitable contrasted to the state-run unionized routes they ran parallel to.