(The following appeared on the Philadelphia Inquirer website on May 20, 2011.)
PHILADELPHIA — SEPTA’s $1.23 billion operating budget for the fiscal year that begins July 1 is likely to be approved by the board next week, following review Thursday by a committee.
The full board is to meet Thursday to consider the operating budget, which pays for SEPTA’s day-to-day expenses, and the agency’s proposed $311.5 million capital budget, which pays for such things as new vehicles and construction projects.
The operating budget, which is about 3.9 percent higher than this year’s $1.18 billion budget, envisions no fare increases or service cuts. Fares went up last July, and they are not slated to rise again until July 2013.
Full story: Philadelphia Inquirer