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.





RAIL EMPLOYMENT

Rail News Home Passenger Rail

4/17/2018



Rail News: Passenger Rail

SEPTA proposes $1.4 billion operating budget for FY19


The proposed budget doesn't include any fare hikes.
Photo – SEPTA

advertisement

The Southeastern Pennsylvania Transportation Authority (SEPTA) has proposed a $1.45 billion operating budget for fiscal-year 2019.

The proposal would maintain current service levels with no fare increases, SEPTA officials said in a press release.

The operating budget is 0.5 percent higher than in FY2018 due to labor, higher vehicle maintenance costs and fuel, according to the budget document.

In addition, FY19 operating revenue is expected to be down $2.9 million from current-year levels. budget. However, other revenue is expected to grow 9.5 percent due to higher investment returns, real estate rentals, parking lot fees and income generated from the sale of scrap metal, according to the budget proposal.

SEPTA scheduled five public hearings this month to gather public input on the budget proposal.



Contact Progressive Railroading editorial staff.

More News from 4/17/2018