SEPTA Budget Tops $1B Mark

The governing board of Philadelphia-based Southeastern Pennsylvania Transportation Authority has approved an operating and capital budget that is the largest in the agency’s history.

In a news release, SEPTA said it was the first time the agency’s budget has exceeded the billion-dollar mark.

Among the $1.16 billion in capital projects to be funded are King of Prussia Rail, trolley modernization and rail-fleet replacements under state of good repair initiatives. The Market-Frankford and Broad Street lines will be fully accessible for disabled people by 2034.

The agency said the $1.61 billion operating budget contains no fare increases and features fare-related efforts aimed at increasing ridership that faltered during the COVID-19 pandemic.

Those efforts include the new $10 Neighborhood FleX DayPass, which is intended for short-distance riders on regional rail systems. The pass program will begin in the fall and can be used for up to 10 rides on subways, trolleys, Zone 2 Regional Rail trains and buses.

The budget also includes the expansion of the SEPTA Key Advantage, a new institutional pass program for universities, hospitals and local businesses.

SEPTA will retain such pandemic-era benefits as one free-transfer per trip on all transit modes and free rides for young children. Select fares will be reduced starting July 1.

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