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%.
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