SEPTA Plans to Increase Fares Through Discount Eliminations, Other Adjustments
Amid a financial crisis that has created a $240 million operating deficit, SEPTA is planning to increase fares by removing some customer discounts and implementing other adjustments to raise money, writes Thomas Fitzgerald for The Philadelphia Inquirer.
SEPTA is also currently waiting on uncertain fiscal help from the state government.
These changes would generate new revenue for the transit authority of around $14.4 million annually. If the SEPTA board approves them, they will take effect on December 1.
“While we are optimistic about an agreement on funding in Harrisburg, we do feel that we need to act now to ensure that SEPTA is best positioned to continue providing reliable service to the city and region,” said Leslie Richards, SEPTA’s CEO and general manager.
As part of the adjustments, cash fares for SEPTA Metro, bus, subway, and trolleys will stay at $2.50. However, riders paying with the Key, credit or debit cards, or payment apps will lose their discount and now pay $2.50, up from $2.
The majority of single-trip fares on Regional Rail would see an increase in fares outside of Zone 1.
Meanwhile, there will be no change to the prices of daily, weekly, and monthly passes.
Read more about SEPTA’s proposed fare increases in The Philadelphia Inquirer.
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