Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

View Current Digital Issue »


Rail News Home Passenger Rail


Rail News: Passenger Rail

SEPTA: Increasing fares, reducing service to address budget deficit


Southeastern Pennsylvania Transportation Authority (SEPTA) plans to increase fares and cut service to address a $55 million fiscal-year 2004 budget deficit.

State subsidy cuts, and increases in health insurance, prescription drugs, pensions, electrical power, and labor costs have contributed to a projected $40 million increase in the authority’s FY 2004 operating budget.

State law mandates that SEPTA’s budget balance equally between money generated by fares, and state and local subsidies. The authority’s $888 million budget provides money to staff, maintain and operate the system.

Possible cost-cutting strategies include discontinuing service on four rail lines, closing nine stations and eliminating some weekend service, according to a prepared statement. SEPTA also plans to increase fares 5.5 percent.

Contact Progressive Railroading editorial staff.

More News from 4/4/2003