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4/13/2026
Last week, the Southeastern Pennsylvania Transportation Authority (SEPTA) proposed a total fiscal-year 2027 budget of $2.7 billion, including a $1.84 billion operating budget and $920.7 million capital budget.
The spending plan represents an increase of 1.9% over the current fiscal year and does not include fare increases or service cuts, SEPTA officials said in a press release.
“However, without a long-term funding solution, SEPTA’s future remains uncertain,” they said, adding that the proposed budget reflects the second and final year of $394 million in capital funds that were approved by the Pennsylvania Department of Transportation to support operations.
The authority has realized close to $30 million in annual savings and boosted income from advertising, parking and investments. Those efforts have reduced the structural budget deficit from $213 million to $192 million, SEPTA officials said.
The proposed capital budget is part of a $16.3 billion, 12-year capital program that dedicates $7.7 billion to fleet replacement for trolleys, passenger cars and Regional Rail cars.
SEPTA plans to hold four public hearings in May to review the operating budget and one public hearing on May 13 to discuss the capital budget. The authority’s board will consider the budgets at its June meeting. If approved, they would take effect July 1.