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Winter takes $2.2 million toll on SEPTA's budget

(Source: Philadelphia Inquirer, February 24, 2014)

PHILADELPHIA, Pa. -- Things were going well for SEPTA as it headed into this winter. As of December 31, SEPTA had a small operating budget surplus of about $200,000. Then Jan. 3 came and brought the first in a seemingly endless string of snowstorms and freezing temperatures. At SEPTA’s board meeting this week Chief Financial Officer Rich Burnfield will report a $2.2 million operating budget deficit for the month of January.

Full story: Philadelphia Inquirer

Tuesday, February 25, 2014

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