SEPTA's deficit is fueled by the end of federal COVID relief funding along with a drop in ridership post-pandemic. SEPTA spokesperson Andrew Busch said the agency’s goal in talks with lawmakers is "getting a permanent solution in place" to address long-term annual deficits. Should funding remain flat, the transportation agency is considering fare increases up to 29%, service cuts of up to 20%, and hiring freezes for some positions, such as administrative posts.
Source: Axios Philadelphia; 11/12/2024 & Billy Penn; 11/12/2024
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SEPTA is facing a financial crisis, might raise fares 29%
Published Friday, November 15, 2024