[PRCo] Re: Emailing: SEPTA to seek token and transfer price hikes - Philadelphia Business Journa

[John Swindler]

What they don't mention is a continual erosion of their ridership base.  It's been ongoing for years.  These 2-3 % declines each year eventually add up.  SEPTA carried fewer riders in FY 2006/7 then in FY 2005/6, and their was a strike in Nov. 2005.
 
J
 
 
 
> From: fwschneider at comcast.net> Subject: [PRCo] Re: Emailing: SEPTA to seek token and transfer price hikes - Philadelphia Business Journal> Date: Mon, 1 Oct 2007 23:04:48 -0400> To: pittsburgh-railways at dementia.org> > Remember when the PUC had rules that allowed corporations to make a > minimum return on investment? Strange concept wasn't it. It > matters that we eliminate transfers because that discriminates > against the poor according to someone's imagination or survey but I > guess it doesn't matter if the service is eliminated because no > politician funds it?> > On Sep 21, 2007, at 11:41 AM, billvigrass forwarded:> > >> >> >> > Business Pulse Survey: Should taxicab drivers be forced to accept > > credit cards?> > SEPTA to seek token and transfer price hikes> > Philadelphia Business Journal - 5:23 PM EDT Wednesday, September > > 19, 2007> > SEPTA will seek approval from its board next week to hike the price > > of tokens and transfers by 15 cents each, to cushion the revenue > > loss from having to continue paper transfers, SEPTA officials > > announced Wednesday.> >> > SEPTA officials reported a $1.9 million city revenue shortfall > > through last month, which they blamed on a court order that has > > kept them from eliminating paper transfers as part of an overall 11 > > percent fare hike.> >> > The decision, the result of a city lawsuit, is being appealed in > > the Commonwealth Court of Pennsylvania by SEPTA. In the interim, > > SEPTA stands to lose a projected $300,000 per week due to commuters > > using tokens and transfers that are a better deal than the weekly > > TransPass, SEPTA officials said.> >> > Pushing tokens up from $1.30 to $1.45 and paper transfers from 60 > > cents to 75 cents would partially fill the budget shortfall, which > > SEPTA officials asserted was caused by people not making the switch > > to TransPasses, or by making the switch from TransPasses to cheaper > > tokens and transfers. SEPTA officials were unable to provide any > > information on the number of commuters who stopped buying TransPasses.> >> > Continuation of the transfers has allowed one-third of commuters to > > escape SEPTA's fare hikes and reduced the effective fare increase > > from 11 percent to 8 percent, SEPTA officials reported.> >> > The fare hike proposal will go before the board on Sept. 27. If > > approved if would take effect on Oct. 1.> >> > City officials, who so far have successfully fought SEPTA's > > elimination of transfers on the grounds it hurt the city's lower- > > income residents the most, could not be reached for comment.> >> >> >> > Contact the Editor Need Assistance? More Latest News> >> >> >> > All contents of this site © American City Business Journals Inc. > > All rights reserved.> >> >> > > 
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