(Source: Philadelphia Inquirer, February 24, 2014)
PHILADELPHIA, Pa. — Things were going well for SEPTA as it headed into this winter. As of December 31, SEPTA had a small operating budget surplus of about $200,000. Then Jan. 3 came and brought the first in a seemingly endless string of snowstorms and freezing temperatures. At SEPTA’s board meeting this week Chief Financial Officer Rich Burnfield will report a $2.2 million operating budget deficit for the month of January.
Full story: Philadelphia Inquirer