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Report Highlights April 2013 WHAT IS SOUTHEASTERN PENNSYLVANIAS - - PowerPoint PPT Presentation
Report Highlights April 2013 WHAT IS SOUTHEASTERN PENNSYLVANIAS - - PowerPoint PPT Presentation
Understanding SEPTAs Statewide Economic Value Report Highlights April 2013 WHAT IS SOUTHEASTERN PENNSYLVANIAS SHARE OF STATEWIDE TRANSPORTATION INVESTMENT? 40% OF ECONOMIC OUTPUT, 32% OF POPULATION & 27% OF TRANSPORTATION INVESTMENT
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HOW EFFICIENTLY HAS SEPTA INVESTED PUBLIC FUNDS?
10.1% 6.3% 5.8% 4.7% 4.3% 0% 2% 4% 6% 8% 10% 12% 2005-2006 2007-2008 2010 2011 2012
CHANGE ORDER RATES (A MEASURE OF PROJECT COST OVERRUNS) CONTINUE TO DECLINE
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HOW DOES SEPTA’S OPERATING EFFICIENCY COMPARE WITH OTHER PA TRANSIT AGENCIES?
$1.49 $2.66 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 SEPTA OTHER PA AGENCIES
STATE SUBSIDY PER RIDER
42% 25% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% SEPTA OTHER PA AGENCIES
FARE RECOVERY RATIO
SEPTA’S EFFICIENCIES & RIDERSHIP GROWTH HELP KEEP SUBSIDY COSTS BELOW AVERAGE
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HOW DOES SEPTA’S OPERATING EFFICIENCY COMPARE WITH INDUSTRY PEERS?
77% 68% 52% 52% 51% 0% 10% 20% 30% 40% 50% 60% 70% 80% New York (MTA)
- Wash. DC
(WMATA)
- Phila. (SEPTA) Chicago (RTA) Boston (MBTA)
HEAVY RAIL
59% 57% 45% 41% 0% 10% 20% 30% 40% 50% 60% 70% 80% New Jersey (NJT)
- Phila. (SEPTA)
Boston (MBTA) Chicago (RTA)
COMMUTER RAIL
49% 46% 23% 0% 10% 20% 30% 40% 50% 60% 70% 80% Boston (MBTA)
- Phila. (SEPTA)
New Jersey (NJT)
LIGHT RAIL
45% 38% 36% 30% 25% 23% 19% 0% 10% 20% 30% 40% 50% 60% 70% 80% New Jersey (NJT) Chicago (CTA) New York (MTA) Phila. (SEPTA)
- Wash. DC
(WMATA) Boston (MBTA) Chicago (Pace)
BUS SEPTA’S FARE RECOVERY RATIO IS WITHIN A COMPETITIVE RANGE OF INDUSTRY PEERS
NOTE: THE NATIONAL TRANSIT DATABASE DOES NOT COUNT REIMBURSEMENTS FOR FREE & DISCOUNTED SENIOR CITIZEN TRAVEL IN PENNSYLVANIA AS FARE REVENUE, DEFLATING SEPTA’S FARE RECOVERY RATIO BY APPROXIMATELY FOUR PERCENTAGE POINTS
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HOW HAS SEPTA’S RIDERSHIP CHANGED OVER TIME?
300.7 305.2 295.3 298.3 301.0 298.7 296.6 307.2 325.1 329.6 321.0 334.0 339.3 270.0 280.0 290.0 300.0 310.0 320.0 330.0 340.0 350.0 FY2000 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 Unlinked Passenger Trips (Millions)
SEPTA’S RIDERSHIP IS AT A 23-YEAR HIGH
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HOW HAS SEPTA’S CAPITAL FUNDING CHANGED OVER TIME?
REJECTION OF I-80 TOLLING FOR ACT 44 $191 M FROM ARRA 100 200 300 400 500 600 700 $ MILLIONS
SEPTA’S CAPITAL FUNDING IS AT A 15-YEAR LOW
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HOW MUCH CAPITAL FUNDING DOES SEPTA RECEIVE COMPARED WITH ITS INDUSTRY PEERS?
$1,352 $1,160 $1,000 $883 $311 $957 $1,152 $997 $815 $304 $- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 Chicago (RTA) New Jersey (NJT)
- Wash. DC
(WMATA) Boston (MBTA)
- Phila. (SEPTA)
$ MILLIONS FY 2012 FY 2013
PER… PASSENGER $2.07 $4.36 $2.40 $2.21 $0.92 PASSENGER MILE $0.34 $0.36 $0.49 $0.49 $0.19 VEHICLE MILE $6.96 $7.27 $7.75 $9.16 $3.47 SEPTA’S CAPITAL FUNDING IS ORDERS OF MAGNITUDE BELOW COMPARABLE AGENCIES
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HOW MUCH ADDITIONAL FUNDING DOES SEPTA NEED TO ACHIEVE A STATE OF GOOD REPAIR (SGR)?
ELIMINATE BACKLOG IN 20 YEARS ($652M/YEAR) MAINTAIN EXISTING BACKLOG ($329M/YEAR) CURRENT LEVEL OF SGR SPENDING ($200M/YEAR) 1 2 3 4 5 6 7 8 9 FY2012 FY2014 FY2016 FY2018 FY2020 FY2022 FY2024 FY2026 FY2028 FY2030 FY2032 SGR BACKLOG ($ BILLIONS)
+$129M PER YEAR TO MAINTAIN BACKLOG; +$452M PER YEAR TO ELIMINATE IT
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WHAT DOES SEPTA MEAN TO THE REGION’S ECONOMY?
ANNUAL IMPACTS CAPITAL INVESTMENT OPERATIONS TOTAL TOTAL OUTPUT ($ M) $570 $2,506 $3,077 TOTAL EMPLOYMENT 4,079 19,971 24,050 TOTAL EARNINGS ($ M) $170 $1,201 $1,371
SEPTA SUPPORTS JOBS AND ECONOMIC PRODUCTIVITY
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WHAT DOES SEPTA MEAN TO THE COMMONWEALTH?
ANNUAL IMPACTS CAPITAL INVESTMENT OPERATIONS TOTAL TOTAL OUTPUT ($ M) $673 $2,533 $3,206 TOTAL EMPLOYMENT 5,065 20,667 25,732 TOTAL EARNINGS ($ M) $214 $1,237 $1,451 TOTAL TAX REVENUES ($M) $12 $51 $63
SEPTA SUPPORTS JOBS, TAX REVENUES, AND ECONOMIC PRODUCTIVITY
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