SEPTA's board is set to vote on a plan that will increase fares starting Dec. 1, 2024. Another fare hike is expected with the start of 2025.
SEPTA's board is set to meet on Thursday afternoon where the body will vote on a proposal to increase base fares to $2.50 in December. Discussions on a more drastic fare increase for 2025 will be held next monthPhiladelphia news 24/7: Watch NBC10 free wherever you are
In discussing the pair of fare hikes that would hit riders back-to-back -- during an announcement after the mass transit provider hadNot enough to fill the $153 million deficit the company is facing this year, he said."We are going to have to take drastic measures in the coming months to keep running as much as we can," Sauer said on Wednesday.
In a meeting scheduled to begin at 3 p.m. on Thursday, Nov. 21, 2024, SEPTA's board is expected to vote on the first rate hike that would increase fares on buses, subways, and trolleys to $2.50, officials said.A graph that SEPTA officials shared on Tuesday, Nov. 12, 2024, to detail the planned fare increases.
Sauer said that only about 20% of SEPTA's operating revenues come from fares. For the rest, he said, the mass transit provider is"heavily subsidized."SEPTA hasn't raised fare costs since 2017 and it has been able to continue to provide regular services through utilizing federal COVID relief funding. While the vote Thursday will be focused on the fare increases planned to take effect on Dec. 1, 2024, there will be hearings -- theSauer said that there will be discussions through early spring to determine what the service cuts might be and they will likely begin to be implemented in the summer months.
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