Tuesday, April 15, 2014

SEPTA to hold FY 15 budget hearings for residents

Southeastern Pennsylvania Transportation Authority (SEPTA) will hold the first of a series of hearings on the Fiscal Year 2015 Operating Budget and Five-Year Financial Plan on April 16, in Doylestown. The hearings will provide riders and other residents an opportunity to ask questions and submit comments on the spending plan.

 

SEPTA's proposed Operating Budget for Fiscal Year 2015, the 12-month period from July 1, 2014, through June 30, 2015, is $1.33 billion, an increase of approximately three percent over Fiscal Year 2014. The operating budget provides funding for the everyday costs of running the transit system, such as labor, fuel and power.

The proposed Fiscal Year 2015 Operating Budget maintains current SEPTA service levels and would not result in a fare increase fares for riders. It also includes a pilot program this summer for 24-hour weekend service on the Broad Street Line subway and Market-Frankford Line subway/elevated.

 

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