SEPTA releases $1.4 billion FY 2017 Operating Budget

Written by Jenifer Nunez, assistant editor
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Southeastern Pennsylvania Transportation Authority (SEPTA) has released its proposed Fiscal Year 2017 Operating Budget and Fiscal Years 2018-2021 Financial Projections and plans to hold a series of public hearings on the spending plan throughout the five-county service region April 25-29.

 

SEPTA’s proposed Operating Budget for Fiscal Year 2016, the 12-month period from July 1, 2016 through June 30, 2017, is $1.4 billion, an increase of approximately three percent over Fiscal Year 2016. The operating budget provides funding for the everyday costs of running the transit system, such as labor, fuel and power.

The proposed Fiscal Year 2017 Operating Budget maintains current SEPTA service levels, with no increase in fares for riders. The budget reflects SEPTA’s ongoing efforts to control costs. Costs for injuries and damages are also expected to go down, due in large part to the increased role of video evidence from surveillance cameras.

To engage the public in the budget process, SEPTA holds two hearings in each of the five counties in which it operates. Public comments are considered before the budget proposal goes to the SEPTA Board for a vote at its monthly meeting in May.

The full plan can be found here.

 

 

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