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Reading: SEPTA’s Budget Shortfall Continues, Receives Extra $51 Million but More Funding Needed to Close Gap
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Phl Mag > Blog > News > SEPTA’s Budget Shortfall Continues, Receives Extra $51 Million but More Funding Needed to Close Gap
SEPTA’s Budget Shortfall Continues, Receives Extra  Million but More Funding Needed to Close Gap
News

SEPTA’s Budget Shortfall Continues, Receives Extra $51 Million but More Funding Needed to Close Gap

Phl Mag
Last updated: 2024/07/13 at 6:47 PM
By Phl Mag 2 Min Read
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Exciting news for Pennsylvania residents! The state has passed a $47.6 billion budget, with a special focus on addressing the financial challenges faced by public transportation systems such as SEPTA. Governor Josh Shapiro’s office announced an extra $80.5 million allocation for public transit, of which $51 million will specifically benefit SEPTA. This one-time payment aims to help SEPTA manage its immediate financial obligations.


But wait, there’s more: Get ready to grab your favorite canned cocktails at Pennsylvania grocery stores soon!


SEPTA has been grappling with a $240 million shortfall, prompting concerns about potential service cuts and fare hikes. While the recent budget only provides temporary relief, SEPTA remains committed to working with state officials to secure a long-term funding solution.

Shapiro’s initial budget proposal included $282.8 million for public transit, with a significant portion designated for SEPTA. The transit authority’s $2.6 billion budget proposal relies heavily on receiving this funding for essential projects, including trolley modernization and new railcars for the Market-Frankford Line.

While some aspects of Pennsylvania’s budget were well-received, Philadelphia’s House delegation expressed disappointment in the lack of sustained support for SEPTA from Senate Republicans. They emphasized the importance of securing dedicated funding to ensure the smooth operation of public transit, especially with upcoming major events in the city.

As the advocacy group Save the Train coalition and Transit for All PA continue to push for sustainable funding solutions, SEPTA is exploring innovative approaches to boost revenue and improve efficiency. From selling station naming rights to implementing new fare collection methods, SEPTA is committed to enhancing the quality of service for its riders.

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Phl Mag July 13, 2024 July 13, 2024
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