SEPTA Finds $91.4M Through Accountability Program
(The Center Square) - Central to the debate around bailouts for the Philadelphia area’s mass transit system, SEPTA, has been the long-term sustainability of the agency’s finances. It’s currently set to face a $213 million deficit in July. Republicans in the legislature have resisted bailouts and solutions that would allocate more state dollars toward mass transit, favoring funding road and bridge construction throughout the state and demanding belt-tightening measures. Today, SEPTA announced that it has identified $91.4 million in accruing annual recurring revenue and savings through its Efficiency and Accountability, or E&A, program.
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Show Notes
(The Center Square) - Central to the debate around bailouts for the Philadelphia area’s mass transit system, SEPTA, has been the long-term sustainability of the agency’s finances. It’s currently set to face a $213 million deficit in July. Republicans in the legislature have resisted bailouts and solutions that would allocate more state dollars toward mass transit, favoring funding road and bridge construction throughout the state and demanding belt-tightening measures. Today, SEPTA announced that it has identified $91.4 million in accruing annual recurring revenue and savings through its Efficiency and Accountability, or E&A, program.
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Full story: https://www.thecentersquare.com/pennsylvania/article_e565d1dd-5b13-41f1-af32-a327b96b601b.html
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