An Analysis of Economic Impacts Associated with SEPTA's FY 2008 Operating Budget "Plan B" Alternative
As of May 2007, SEPTA has a budget shortfall of $129.6 million. Without a source of funding that can balance the transit organization's budget this summer, SEPTA will be forced to implement "Plan B," which would cut service by 20 percent and increase fares by 31 percent.
The Economy League worked with Econsult Corporation to analyze the economic impacts of Plan B on individuals, businesses, governments and the region's overall competitiveness. The analysis builds upon generally accepted data sets and research models including SEPTA's ridership figures, Delaware Valley Planning Commission congestion modeling, Philadelphia Tax Reform Commission work, and U.S. Census data.