May 18, 2024
Funds

SEPTA CEO tells City Council funds needed to avoid $240M deficit – NBC10 Philadelphia

As Philadelphia City Council held the latest in its ongoing schedule of hearings on the budget for the coming year, Leslie Richards, the CEO and general manager of SEPTA, addressed elected officials to detail a looming multimillion deficit for the mass transit provider. There were plenty of questions in City Hall on Wednesday as councilmembers

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Funds

Fed. officials to unveil mass transit funds — including millions for new railcars on SEPTA’s Market-Frankford Line – NBC10 Philadelphia

SEPTA has long been underfunded but, that may soon be improving. Not long ago, the mass transit provider sounded the alert that it faced a “death spiral,” after years of underfunding has SEPTA set to spend it’s last share of federal COVID funding by April. Without new funding, SEPTA officials warned riders could be looking

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