SEPTA exploring rate hike, service cuts, as ‘death spiral’ looms – NBC10 Philadelphia

SEPTA, the mass transit provider, is operating at a loss and is projected to generate about $355 million in income while spending $1.6 billion in its 2024 budget. Federal COVID relief funding has helped SEPTA maintain services without raising fares since 2017, but these funds will run out in April. Without additional funding, SEPTA may have to increase fares by up to 30% and cut services by 20% across all options. Advocates argue that SEPTA is “historically underfunded” and that the state should increase its funding. They note that comparable cities spend more per capita on mass transit than Philadelphia.

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