The $303 million spending plan reflects a 25 percent reduction compared to the funding levels of three years ago, and will leave SEPTA unable to move forward on dozens of improvement projects vital to the short- and long-term health of the transit system.
The capital funds available for Fiscal Year 2013, which covers the 12-month period from July 1, 2012 through June 30, 2013, will go largely toward mandates such as Regional Rail signal system upgrades and other safety improvements. The authority must also set aside funds for equipment overhauls, and the purchase of new buses and paratransit vehicles to replace those that are being removed from service.
Without additional funding, much-needed upgrades – from critical overhauls to electrical substations to bridge repairs and station renovations – are pushed back indefinitely.
In recent years, SEPTA has deferred a number of projects that were expected to move forward under Act 44. Pennsylvania lawmakers passed Act 44 in 2007 to provide a dedicated source of transportation funding. Act 44, however, required new revenue streams and was never fully funded – in large part due to the federal government’s rejection of a plan to add tolls on Interstate 80.
SEPTA remains optimistic funding for infrastructure improvements will be addressed. Gov. Tom Corbett, in his state budget address last month, noted the need for a “lasting” solution for transportation funding.
“SEPTA will continue to work with Gov. Corbett and the General Assembly to secure a long-term, growing and predictable funding source for transportation throughout Pennsylvania,” said SEPTA General Manager Joseph M. Casey.
SEPTA will hold public hearings on the Fiscal Year 2013 Capital Budget on April 11th at 11:30 a.m. and 5 p.m. The sessions will be held on the mezzanine level at SEPTA Headquarters, 1234 Market Street.