Home Add to Favorite Contact Submit  
           23 September, 2019

Category:  Press » Travel & Leisure


SEPTA Board to Consider Increasing Price of Tokens, Paper Transfers

         Views: 2263
2007-09-20 08:41:47     

In an effort to stem the loss of revenue caused by the ongoing legal challenge to the discontinuation of paper transfers the SEPTA Board will consider a staff proposal to increase the price of tokens and paper transfers during its regular monthly meeting on September 27.

In accordance with the "Standard Plan A" fare increase proposal the price of tokens will be increased from $1.30 to $1.45 and the cost of paper transfers increased from $.60 to $.75. If the Board approves the proposal, the fare increase would become effective on or about October 1.

SEPTA has accumulated a City revenue budget shortfall of about $1.9 million through August as it has continued to issue paper transfers as ordered by the Court of Common Pleas. SEPTA calculates that under the current fare structure the revenue loss will continue at a rate of about $300,000.00 a week as riders continue to purchase tokens and paper transfers instead of purchasing weekly or monthly passes. As the price of tokens and paper transfers did not increase on the assumption that paper transfers would be eliminated, it is believed that some riders who were purchasing passes have now switched back to tokens and transfers.

Facing a projected budget deficit of $129 million in its Fiscal Year 2008 Operating Budget, the SEPTA Board approved an 11% across the board fare increase proposal (Hybrid Plan A). The majority of the fare increase became effective on July 1 and retained the price of tokens at $1.30 and the base cash fare at $2.00, increased the fees for TransPasses, and eliminated the use of paper transfers. SEPTA expected that approximately 75% of existing users of paper transfers, or about 25,000 weekday riders, would find it cheaper to shift to daily, weekly or monthly TransPasses.

SEPTA staff estimated that the plan would produce $35 million of additional revenue. To resolve the additional shortfall SEPTA relied on the receipt of additional state subsidies.

The fare increase is consistent with the recommendations of the PA Transportation Funding and Reform Commission which called for a "Partnership of Actions" to address the serious public transportation funding issues in the Commonwealth. Both the State Transportation Funding and Reform Commission and the HR 538 Transportation audit recommended that SEPTA implement periodic fare increases.

Following the Board's adoption of the Fiscal Year 2008 Operating Budget on July 18, 2007, Governor Rendell signed legislation establishing the Public Transportation Trust Fund. The receipt of state operating funds authorized under the Public Transportation Trust Fund is required to balance SEPTA's Fiscal Year 2008 Operating Budget.

The elimination of paper transfers was scheduled to begin on August 1, 2007; however, the City of Philadelphia filed an action in the Court of Common Pleas challenging the elimination of the paper transfers. On August 16, the Court granted the appeal and ordered SEPTA to continue to distribute paper transfers.

SEPTA appealed the Court of Common Pleas decision. The Commonwealth Court of Pennsylvania is expected to hold a hearing during the week of October 29. However, there is no set timetable for the court to make a decision on the issue, prompting the Authority to implement the fare increase as a stop gap measure.

Specialized in: Purecms - Cms - Web Content Management System - Globalscape
URL: http://www.septa.org
Print press release      Bookmark this page
Related Press releases 
Vietnam Immigration Service Explains the Whole Mechanism of Vietnam Visa Exemption (Popularity: ): Ho Chi Minh (press.abc-directory.com) December 10, 2018 - As a general rule of thumb, travelers entering Vietnam needs passports or valid passport-substitute papers, or Vietnam visa on arrival and an entry visa by the Vietnam immigration authorities to enter into Vietnam. But, visa exemption is available for certain foreign nationals entering and staying in Vietnam for a certain period of time without any visa procedures or pay fees related to ...
Fareportal Garners Multiple Accolades at Prestigious Travel Industry Awards (Popularity: ): New York, NY - September 15, 2017 -- Fareportal, the travel technology company powering CheapOair and OneTravel, and the winner of 17 Travel Weekly Magellan Awards over the past six years, today announced they have earned two additional Magellan Awards for their advancements in 2017.This year, Fareportal received a Gold Award for the CheapOair Mobile App and a Silver Award for the CheapOair Website. In 2017, both mobile and web ...
DK Eyewitness Travel Names 20 Best U.S. Cities for Making a Fresh Start (Popularity: ): New York, NY - April 20, 2017 -- DK Eyewitness Travel today released a list of the 20 Best U.S. Cities for Making a Fresh Start. Chosen by DK’s in-house travel experts, these cities range from college towns boasting high-salary jobs to unassuming suburbs that are just right for raising a family. For those eager to make a fresh start in 2017, these cities and towns deserve due consideration.In culling ...
The Cruise Web, Inc. Recognized by MSC Cruises as Leading Travel Partner (Popularity: ): Calverton, MD - January 24, 2017 -- The Cruise Web Inc. was recognized today as Northeast Account of the Year by MSC Cruises as part of the line’s 4th Annual MSC True Partnerships’ Awards.The 2016 MSC True Partnerships Awards are presented to MSC Cruises’ top performing North American travel partners for the year based on overall business growth in revenue and guests and continuous partnership support and innovative marketing efforts ...
GreenTraveler, The World’s Best All-in-One Food Container, More Than Triples its Goal on Kickstarter (Popularity: ): San Francisco - October 28, 2016 -- GreenTraveler, the world’s best travel friendly reusable food and drink container, has taken off in popularity on Kickstarter. GreenTraveler surpassed its crowdfunding goal in less than 24 hours, and just one week into its campaign the ingenious to-go food container system has raised more than 330-percent of its goal thanks to the support of over 580 backers.“The instant success of our eco-friendly and ...

Press release home snapshot 

Related Business 
Bodrum Airport Transfers, Bodrum Transfers from Bodrum Airport by MT Transfers. (Popularity: ): Bodrum Airport Transfers from Bodrum Airport with low price rates and fast, reliable services. Let us transfer you to your holiday. MT Transfers TURKEY.
Thompson Transfers (Popularity: ): Sells stock transfers, heat presses and transfer paper.
The Great Canadian Mint (Popularity: ): Specializing in coins of all descriptions including trade tokens, machine tokens, collectable coins, military coins, commemorativecoins, anniversary coins, and casino tokens.
Handmade Paper and Crafts (Popularity: ): The name of our company is jiarts arts & crafts corporation ltd .our company mainly produce handmade paper,which made of 100% natural,and the mainly kinds are:petal paper,float-dye paper,unryu paper,water-fall paper,color paper,mulberry fiber paper,crepe paper so on. we also produce the paper crafts.mainly including:handmade bags,journals,frame,photo album,greeting card,mulberry paper flower so on . all of these are fine in design and low in price.
Fethiye Airport Transfers, Fethiye Transfers from Dalaman Airport by MT Transfers. (Popularity: ): Fethiye Airport Transfers from Dalaman Airport with best price deals. We will complete your vacation. MT Transfers TURKEY.
Numismatica.se (Popularity: ): Dealing in coins, stamps, tokens, paper money, medals and other fine collectibles.
American Numismatic Association (Popularity: ): Dedicated to the collection and study of coins, paper money, tokens and medals.
Civil War Tokens (Popularity: ): A listing of Civil War and Hard Times tokens for sale. Background information on Civil War tokens.
Latter Investments, Inc. (Popularity: ): Offering store cards, Civil War patriotic tokens, sutler, hard times, conder, and merchant tokens and exonumia. Images of items offered are available
Coins, Tokens, & Medals of Austria (Popularity: ): An information site dedicated to coins, tokens and medal of the Austrian Second Republic (1848-present).