150 Million Dollars should seem like a lot of money, especially when the previous year's profit was only a quarter of a million, but apparently SEPTA needs more.
With the money being given to SEPTA in this new budget, one must ask, was Monday's fare hike really neccesary? It would make sense to think that if anything, ridership will continue to rise instead with continuously escalating gas prices. Simply put, the higher the gas prices, the more people will take SEPTA transportation to avoid spending extra money at the pump.
Across the country, gas prices are jumping and expected to do so continually, so again, public transportation seems wise.
Many a daily driver is trading his car keys for a metro pass, and yet, the prices rise.
Maybe SEPTA is taking advantage of the rush of new riders, but that seems unlikely as they seem to never miss an opportunity to miss an opportunity. Perhaps then it is poor budgeting or just bad timing, but it seems that the potential revenue of the fare hike should be overshadowed by the millions in subsidies from Harrisburg.
Unfortunately, SEPTA seems to be a leaky vessel as it seems that any changes still lose money. It just seems unfair for the riders to bite the bullet because SEPTA cannot draw a real profit. As it stands, the fares are where they are, let's just hope they do not continue to rise, though seems the trend with transportation costs these days.
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