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SEPTA on Thursday approved a $1.49 billion operating budget and a $675 million capital budget for the coming fiscal year.
The budget, which will take effect July 1, includes no fare increases. The agency maintains a schedule of increasing fares every three years, and hikes are due in fiscal year 2021.
SEPTA’s capital budget includes more than 120 projects scheduled for the next seven years. SEPTA is allocating about $44 million to restore rail service between Elwyn and Wawa by 2021. The face-lift for the transit hub beneath City Hall is scheduled to continue through 2025 at a cost of $146 million. The agency expects to spend $1.2 billion between now and 2031 on a wide-ranging program to upgrade Regional Rail and subway stations. These can range from making stations more accessible to people with disabilities, to new stations at stops like Conshohocken and Paoli.
