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3/8/2005



Rail News: Rail Industry Trends

SEPTA obtains additional state funding, postpones fare increases and service cuts



Southeastern Pennsylvania Transportation Authority (SEPTA) officials have spent the past several months developing contingency plans to address a $62.2 million operating budget shortfall during fiscal-year 2005. Now, they might not need a back-up plan. Pennsylvania Gov. Ed Rendell recently announced a transit funding plan that would provide $42.7 million for the authority during the remainder of the fiscal year.

The state also will provide short-term financial relief for other Pennsylvania public transit agencies and might provide additional funding for SEPTA during the next two years while the general assembly works to develop a long-term funding solution.

Scheduled to take effect March 6, SEPTA’s contingency plan — which included fare increases, and service and job cuts — has been postponed pending action by the Delaware Valley Regional Planning Commission, which is scheduled to meet tomorrow.

The plan previously was postponed in December, when the state provided SEPTA $13 million in additional funding.


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