As SEPTA hurtles toward a new and improved payment system, its budget lags behind. Though SEPTA's proposed budget is only up 3% from the current $1.28 billion operating budget, financial issues lie ahead. Philly.com reports that, "Without additional state subsidies, SEPTA's operating deficit is projected to grow rapidly in future years, which would mean additional fare hikes or service cuts - or both - to close the gap." [Philly.com]
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