| SEPTA reminds customers that Public hearings for SEPTA’s Fiscal Year 2025 Budget have been scheduled the week of May 20. SEPTA has released its proposed total budget of $2.6 billion for Fiscal Year 2025 – a $1.74 billion Operating Budget and $922.8 million Capital Budget.
SEPTA’s budget relies on funding from Governor Shapiro’s proposed statewide transit funding proposal. The Governor’s proposed $283 million annual statewide operating investment in public transportation, including $161 million for SEPTA, would be Pennsylvania’s largest transit funding increase in more than a decade. |
| The $1.74 billion Operating Budget Proposal includes a doubling in funding for safe, clean, and secure initiatives since Fiscal Year 2022 – a total of $72 million that includes funding for 40 more police officers, 30 more safety professionals, and 100 more cleaners. The proposal also features the ongoing expansion of SEPTA Key Advantage, which now has 50 partners and 91,000 participants, as well as SEPTA’s Efficiency and Accountability Program, which has already recognized $50.2 million in annual recurring benefits.
The $922.8 million Capital Budget Proposal is part of an all-time high $14 billion 12-year Capital Program, enabling the largest-ever investments in improved safety, cleanliness, and security – supported by the Infrastructure Investment & Jobs Act (IIJA). The proposal includes new full-length fare gates to reduce fare evasion and new cleaning equipment to support the expanded cleaning staff. By the end of the 12-year program, all Broad Street Line [B], Market-Frankford Line [L], and Trolley trips will be through an accessible station – compared to 61% today. SEPTA continues to operate one of the oldest rail fleets in the country, and for the first time, this budget funds at least a partial replacement of each aging fleet. The Broad Street Line [B], Market-Frankford Line [L], and Trolley fleet replacements are all fully funded, while the Regional Railcar fleet replacement is partially funded. There will be four public hearings on the Operating Budget and two public hearings on the Capital Budget. The SEPTA Board will consider the proposals at its June meeting. If approved, they will go into effect with the start of Fiscal Year 2025 on July 1. Operating Budget Hearings:
Capital Budget Hearings: The hearings will take place in-person at SEPTA Headquarters – 1234 Market Street, Philadelphia, PA 19107 – and virtually via WebEx. Information on how to participate and submit comments is available online at https://wwww.septa.org/wp-content/uploads/board/public/FY2025-Budget-Hearing-Public-Notice.pdf For the first time, the Authority’s Operating and Capital Budget Proposals are being presented as an integrated document on a modern web platform, which is ADA compliant to ensure that people with visual or hearing impairments can navigate SEPTA’s budget data. Customers and members of the public are encouraged to review the budget information and participate in the public process. |
