by morris&essex4ever
More bad news for SEPTA:
http://www.dailylocal.com/article/20120 ... es-on-hold
http://www.dailylocal.com/article/20120 ... es-on-hold
For the third straight year, SEPTA expects to defer critical improvement projects due to funding cuts, transportation authority officials reported Thursday. SEPTA’s proposed $303 million spending plan for fiscal 2013 reflects a 25 percent reduction compared to the funding levels of three years ago. That will leave SEPTA unable to move forward on dozens of improvement projects vital to the transit system, officials said.
The capital funds available for Fiscal Year 2013, which covers the 12-month period from July 1, 2012 through June 30, 2013, will go largely toward mandates such as Regional Rail signal system upgrades and other safety improvements. The authority must also set aside funds for equipment overhauls, and the purchase of new buses and paratransit vehicles to replace those that are being removed from service.
"To cure the British disease with socialism was like trying to cure leukaemia with leeches." Margaret Thatcher