SEPTA Faces $240 Million Budget Shortfall: Fare Increases Ahead

Monday, 9 September 2024, 04:50

SEPTA is planning to eliminate discounted fares as it grapples with a $240 million budget shortfall. The changes involve increased fares for SEPTA train and bus services, impacting commuters across Pennsylvania. The proposed fare adjustments, which may lead to a 31% increase, await board approval.
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SEPTA Faces $240 Million Budget Shortfall: Fare Increases Ahead

SEPTA to Eliminate Discounts on Fares

PHILADELPHIA (CBS) -- SEPTA plans to do away with fare discounts as it faces a budget shortfall of $240 million, the agency said Thursday. The change means SEPTA Key cardholders and people who pay with credit and debit cards would no longer be charged $2 for a ride and instead pay the full fare of $2.50.

The price changes are subject to a vote from SEPTA's board. There will be public hearings on the proposed changes before the board meets. A SEPTA spokesperson said discounts will also be eliminated on Regional Rail. For many trips, prices could increase by about $1 per ride, depending on which zones the ride passes through.

Agency Looks to Boost Revenue

The agency is looking to boost its revenue as it faces a shortfall following the expiration of COVID-19 relief funds. SEPTA has previously told lawmakers the funding shortfall could require fare increases up to 31% and service reductions up to 20%.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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