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SEPTA FY18 Capital and Operating Budgets


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#1 CNJRoss

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Posted 04 January 2017 - 09:28 PM

SEPTA.org:

Public Open House
SEPTA Fiscal Year 2018 Capital Budget Development

SEPTA Board Room - Mezzanine Level
1234 Market Street
Philadelphia, Pennsylvania

 

January 24, 2017
12:00 - 2:00 PM
4:30 - 6:00 PM

 

The Southeastern Pennsylvania Transportation Authority is hosting an Open House on the development of the Fiscal Year 2018 Capital Budget and Twelve Year Capital Program. At the Open House, staff will provide an update on the progress being made on projects in SEPTA's Capital Program. All are invited to attend including elected officials, representatives of citizen groups, public agencies, and interested individuals. SEPTA welcomes your input as we continue to advance the capital program.

 

If you or a representative cannot attend the Open House, but wish to submit comments in writing, you may do so by sending them to SEPTA's Capital Budget and Grant Development Department, 1234 Market Street, 9th Floor, Philadelphia, PA 19107. If you wish to submit comments electronically, you may do so using the form below.

 

Public Hearings on the Fiscal Year 2018 Capital Budget and 12-Year Capital Program will be scheduled in April 2017.

 

 

 



#2 CNJRoss

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Posted 24 January 2017 - 07:10 AM

SEPTA news release:

 
SEPTA To Hold Open House on Fiscal Year 2018 Capital Budget & 12-Year Capital Program

'Rebuilding the System' Plans & Progress To Be Discussed

 

January 23, 2017

 

PHILADELPHIA, PA - SEPTA is inviting riders, residents and stakeholders to learn about the Authority's Capital Program during two open house sessions on Tuesday, Jan. 24.

 

The open house sessions, which will focus on the development of the Fiscal Year 2018 Capital Budget and 12-Year Capital Program, will include two sessions, from noon to 2 p.m. and 4:30 p.m. to 6 p.m. Both sessions will be held in the SEPTA Board Room on the mezzanine level at SEPTA Headquarters, 1234 Market Street. SEPTA officials will also provide a progress update on work related to the "Rebuilding the System" Capital Program. Presentations will start at 12:30 p.m. during the first session, and 5 p.m. during the second session.

 

SEPTA embarked on its "Rebuilding the System" plan following the November 2013 passage of Act 89, the state's comprehensive solution for transportation capital funding. SEPTA has launched a number of projects to catch up on its $5 billion backlog of critical capital projects, such as bridge replacements, station improvements, power substation overhauls and new vehicle purchases. For more information on Rebuilding the System, visit http://www.septa.org...ding/index.html.

 

Public comments on the development of the Fiscal Year 2018 Capital Budget and 12-Year Capital Program can be given during the open house, or submitted in writing. Written comments should be sent to SEPTA's Capital Budget and Grant Development Department, 1234 Market Street, 9th Floor, Philadelphia, PA 19107, or submitted online at http://www.septa.org...open-house.html.

SEPTA will hold public hearings on the capital budget and program plan in April, after the proposal is drafted.

 



#3 CNJRoss

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Posted 29 March 2017 - 10:12 AM

SEPTA news release:

 
SEPTA Releases Proposed FY 2018 Capital Budget & 12-Year Program

Advances 'Rebuilding the System' Initiative; Public Hearings To Be Held April 26

 

March 27, 2017

 

PHILADELPHIA, PA -- SEPTA will advance initiatives to renew critical infrastructure, replace aging portions of its fleet, expand capacity for growing ridership and make technology improvements under its proposed Fiscal Year 2018 Capital Budget and 12-Year Capital Program.

 

The capital budget funds projects such as bridge and track replacement, reconstruction of stations and other facilities, and the purchase of new vehicles. It also focuses on the implementation of new technologies for customers, such as real-time travel alerts. Following public hearings, the Capital Budget plan will go to the SEPTA Board for approval.

 

The $727.2 million FY 2018 proposal advances SEPTA's "Rebuilding the System" initiative, a comprehensive program to reinvest in the transit network throughout the region. The Authority embarked on this plan following the November 2013 passage of Act 89, which provides capital funds for transportation improvements throughout Pennsylvania.

 

In the coming year, SEPTA will move ahead with a number of major initiatives, including:

- Communications, Signal Systems and Technology Improvements

- Bridge Improvement Program

- Safety and Security Improvements

- SEPTA Key - fare modernization project

- Stations, Loops and Parking Improvements

- Substations and Power Improvements

- Track and Right-of-Way Improvements

- Vehicle Acquisitions and Overhauls

 

The full budget proposal, including program and project details, click here.

 

SEPTA riders and other local residents are invited to ask questions and submit comments about the Capital Budget during public hearings on Wednesday, April 26. Sessions will be held at 11:30 a.m. and 5 p.m. in the Board Room at SEPTA Headquarters, 1234 Market Street, Philadelphia. Comments can also be submitted online here.

 

An independent hearing examiner will review all public feedback and submit a recommendation prior to the SEPTA Board's vote on the proposal, which is expected at its regular monthly meeting on Thursday, May 25.

 



#4 CNJRoss

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Posted 29 March 2017 - 10:16 AM

Philadelphia Magazine, 3/28:
 

SEPTA Wants to “Rebuild the System” With 12-Year, $7.3B Plan

 

The ambitious budget proposal includes an overhaul of the city’s aging transportation infrastructure (including City Hall and 15th Street stations), vehicles (electric buses and trains!) and technology.

 

 

SEPTA proposed an ambitious $727.2 million budget on Monday.

 

The funding – which would reflect an almost $180 million increase over last year’s budget, if approved – would go toward the agency’s “Rebuilding the System” initiative, a lofty plan to overhaul the city’s aging transportation infrastructure, vehicles and technology. The initiative dates back to the 2013 passage of Act 89, legislation that revamped the state’s commitment to transportation.

 

SEPTA’s proposed 12-year, $7.3 billion capital program aims to provide fleets of new vehicles and to rehabilitate and replace bridges, rail and subway stations, vehicle maintenance facilities and other critical infrastructure. The budget also includes plans to update safety and security features and communication equipment that provides customers with real-time transportation information.

 

Continue here.



#5 CNJRoss

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Posted 26 April 2017 - 08:29 AM

SEPTA news release:

 
SEPTA Invites Public To FY 2018 Capital Budget Hearings

Two Sessions at SEPTA Headquarters on Wednesday, April 26

 

April 25, 2017

 

PHILADELPHIA, PA (April 25, 2017) - SEPTA is inviting the public to ask questions and submit comments during a pair of Fiscal Year 2018 Capital Budget hearings on Wednesday, April 26. Hearing sessions will be held at 11:30 a.m. and 5 p.m. in the Board Room at SEPTA Headquarters, 1234 Market Street.

 

Under the proposal, SEPTA will advance initiatives to renew critical infrastructure, replace aging portions of its fleet, expand capacity for growing ridership and make technology improvements under its proposed Fiscal Year 2018 Capital Budget and 12-Year Capital Program.

 

The capital budget funds projects such as bridge and track replacement, reconstruction of stations and other facilities, and the purchase of new vehicles. It also focuses on the implementation of new technologies for customers, such as real-time travel alerts. Following public hearings, the Capital Budget plan will go to the SEPTA Board for approval.

 

The $727.2 million FY 2018 proposal advances SEPTA's "Rebuilding the System" initiative, a comprehensive program to reinvest in the transit network throughout the region. The Authority embarked on this plan following the November 2013 passage of Act 89, which provides capital funds for transportation improvements throughout Pennsylvania.

 

In the coming year, SEPTA will move ahead with a number of major initiatives, including:

  • Communications, Signal Systems and Technology Improvements
  • Bridge Improvement Program
  • Safety and Security Improvements
  • SEPTA Key - fare modernization project
  • Stations, Loops and Parking Improvements
  • Substations and Power Improvements
  • Track and Right-of-Way Improvements
  • Vehicle Acquisitions and Overhauls

The full budget proposal, including program and project details, can be viewed or downloaded on the Reports section of SEPTA's website at http://www.septa.org/reports.

 

 



#6 CNJRoss

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Posted 25 May 2017 - 09:02 PM

SEPTA news release, 5/25/17:

SEPTA Board Approves Fiscal Year 2018 Operating & Capital Budgets Plans Provide For Everyday Expenses and Improvement Projects

 

May 25, 2017

 

 

PHILADELPHIA (May 25, 2017) - The SEPTA Board today approved Operating and Capital budgets for Fiscal Year 2018, putting in place spending plans to cover everyday costs and improvement projects. Fiscal Year 2018 is the 12-month period that starts on July 1, 2017.

 

The Board's approval comes after a series of public hearings were held this spring on both budget proposals. Those sessions were overseen by an independent hearing examiner.

 

Operating Budget
The $1.45 billion operating budget represents an increase of approximately 2.8 percent over Fiscal Year 2017, driven mainly by anticipated increases in costs for labor, fuel, parts and services. SEPTA has had a balanced Operating Budget for 17 consecutive years, and that is expected to continue through FY 2018.

 

SEPTA continues to implement measures to control operating costs, such as storing and reusing the energy generated by trains when brakes are applied. Overall fuel consumption has also been reduced thanks to the Authority's commitment to replacing aging buses with more fuel efficient diesel-electric hybrids. In addition, costs for injuries and damages have gone down in recent years, due in large part to the increased role of video evidence from surveillance cameras.

 

Capital Budget
Under the $727.2 million Fiscal Year 2018 Capital Budget, SEPTA will advance initiatives to renew critical infrastructure, replace aging portions of its fleet, expand capacity for growing ridership and make technology improvements. The FY 2018 plan also includes the implementation of new technologies for customers, such as real-time travel alerts.

 

The FY 2018 Capital Budget, and 12-Year Capital Program, advances SEPTA's "Rebuilding the System" initiative, a comprehensive program to reinvest in the transit network throughout the region. The Authority embarked on this plan following the November 2013 passage of Act 89, which provides capital funds for transportation improvements throughout Pennsylvania.

 

The Operating and Capital budgets can be viewed and downloaded on SEPTA's website at http://www.septa.org/reports.

 






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