{"id":28324,"date":"2024-04-17T19:37:13","date_gmt":"2024-04-17T09:37:13","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=28324"},"modified":"2024-04-17T19:37:13","modified_gmt":"2024-04-17T09:37:13","slug":"septa-releases-proposed-fiscal-year-2025-operating-capital-budgets-safe-clean-secure","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=28324","title":{"rendered":"SEPTA Releases Proposed Fiscal Year 2025 Operating & Capital Budgets: Safe, Clean & Secure"},"content":{"rendered":"

SEPTA is proposing a total budget of $2.6 billion for Fiscal Year 2025 \u2013 a $1.74 billion Operating Budget and $922.8 million Capital Budget. For the first time, the Authority\u2019s Operating and Capital Budget Proposals are being presented as\u00a0an integrated document on a modern web platform<\/a>, which is ADA compliant to ensure that people with visual or hearing impairments can navigate SEPTA\u2019s budget data.<\/p>\n

Governor Shapiro\u2019s proposed $283 million annual statewide operating investment in public transportation, including $161 million for SEPTA, would be Pennsylvania\u2019s largest transit funding increase in more than a decade. SEPTA\u2019s budget assumes the state funding plan passes the General Assembly as proposed, and with a historic increase of $24 million in local match tied to it, SEPTA will avoid devastating service cuts and fare increases that would cripple mobility across southeastern Pennsylvania.<\/p>\n

The $1.74 billion Operating Budget Proposal includes a doubling in funding for safe, clean, and secure initiatives since Fiscal Year 2022 \u2013 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\u00a0SEPTA Key Advantage<\/a>, which now has 50 partners and 91,000 participants, as well as\u00a0SEPTA\u2019s Efficiency and Accountability Program<\/a>, which has already recognized $50.2 million in annual recurring benefits.<\/p>\n

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 \u2013 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.<\/p>\n

By the end of the 12-year program, all Broad Street Line, Market-Frankford Line, and Trolley trips will be through an accessible station \u2013 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, Market-Frankford Line, and Trolley fleet replacements are all fully funded, while the Regional Railcar fleet replacement is partially funded.<\/p>\n

These investments are bolstered by historic success in competitive grant programs, including a\u00a0recent $317 million grant from the Federal Transit Administration<\/a>\u00a0to replace the Market-Frankford Line fleet, which is more than three times larger than any competitive grant that SEPTA has ever received. Since November 2021, SEPTA has secured $524.3 million of the $957 million in IIJA discretionary funding awarded to the region.<\/p>\n

There will be four public hearings about the Operating Budget:<\/p>\n

May 20 at\u00a011 a.m.<\/a>\u00a0and\u00a05 p.m.<\/a>
\nMay 21 at\u00a010 a.m.<\/a>\u00a0and\u00a04 p.m.<\/a><\/p>\n

There will be two public hearings about the Capital Budget:<\/p>\n

May 22 at\u00a010 a.m.<\/a>\u00a0and\u00a04 p.m.<\/a><\/p>\n

The hearings will take place in-person at SEPTA Headquarters and\u00a0virtually via WebEx<\/a>. 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.<\/p>\n

To view SEPTA\u2019s proposed Fiscal Year 2025 Operating and Capital Budgets,\u00a0click here<\/a>.<\/p>\n

-via Press Release<\/em><\/p>\n

The post SEPTA Releases Proposed Fiscal Year 2025 Operating & Capital Budgets: Safe, Clean & Secure<\/a> appeared first on Railpace Newsmagazine<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

SEPTA is proposing a total budget of $2.6 billion for Fiscal Year 2025 \u2013 a $1.74 billion Operating Budget and $922.8 million Capital Budget. For […]<\/p>\n","protected":false},"author":0,"featured_media":28325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[713,47],"tags":[11],"class_list":["post-28324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canada","category-rail-news","tag-usa"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t