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Understanding SEPTA’s Statewide Economic Value Report Highlights

April 2013


WHAT IS SOUTHEASTERN PENNSYLVANIA’S SHARE OF STATEWIDE TRANSPORTATION INVESTMENT? 40% OF ECONOMIC OUTPUT, 32% OF POPULATION & 27% OF TRANSPORTATION INVESTMENT 50% 45% 40%

40%

35%

32%

30%

27%

25% ROADS & BRIDGES-13.4%

20% 15% 10%

TRANSIT-13.3%

5% 0% ECONOMIC OUTPUT

POPULATION

TRANSPORTATION INVESTMENT


HOW EFFICIENTLY HAS SEPTA INVESTED PUBLIC FUNDS? CHANGE ORDER RATES (A MEASURE OF PROJECT COST OVERRUNS) CONTINUE TO DECLINE 12% 10%

10.1%

8% 6.3% 6%

5.8% 4.7%

4.3%

4%

2% 0% 2005-2006

2007-2008

2010

2011

2012


HOW DOES SEPTA’S OPERATING EFFICIENCY COMPARE WITH OTHER PA TRANSIT AGENCIES? SEPTA’S EFFICIENCIES & RIDERSHIP GROWTH HELP KEEP SUBSIDY COSTS BELOW AVERAGE

STATE SUBSIDY PER RIDER $3.00

100%

$2.66 $2.50

90% 80% 70%

$2.00 $1.50

FARE RECOVERY RATIO

60%

$1.49

50% 40%

$1.00

30% 20%

$0.50

42% 25%

10% $0.00

0% SEPTA

OTHER PA AGENCIES

SEPTA

OTHER PA AGENCIES


HOW DOES SEPTA’S OPERATING EFFICIENCY COMPARE WITH INDUSTRY PEERS? SEPTA’S FARE RECOVERY RATIO IS WITHIN A COMPETITIVE RANGE OF INDUSTRY PEERS HEAVY RAIL 80% 70% 60% 50% 40% 30% 20% 10% 0%

LIGHT RAIL

77% 68% 52%

New York (MTA)

Wash. DC (WMATA)

52%

51%

80% 70% 60% 50% 40% 30% 20% 10% 0%

49%

46% 23%

Boston (MBTA)

Phila. (SEPTA) Chicago (RTA) Boston (MBTA)

Phila. (SEPTA)

BUS

COMMUTER RAIL 80% 70% 60% 50% 40% 30% 20% 10% 0%

59%

57% 45%

New Jersey (NJT)

Phila. (SEPTA)

Boston (MBTA)

New Jersey (NJT)

41%

Chicago (RTA)

80% 70% 60% 50% 40% 30% 20% 10% 0%

45%

New Jersey (NJT)

38%

Chicago (CTA)

36%

New York (MTA)

30%

Phila. (SEPTA)

25%

23%

19%

Wash. DC (WMATA)

Boston (MBTA)

Chicago (Pace)

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


HOW HAS SEPTA’S RIDERSHIP CHANGED OVER TIME? SEPTA’S RIDERSHIP IS AT A 23-YEAR HIGH 350.0 339.3

Unlinked Passenger Trips (Millions)

340.0 334.0 330.0

329.6 325.1 321.0

320.0 310.0

307.2

305.2 300.0 290.0

301.0

300.7 295.3

298.3

298.7 296.6

280.0 270.0 FY2000 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012


HOW HAS SEPTA’S CAPITAL FUNDING CHANGED OVER TIME? SEPTA’S CAPITAL FUNDING IS AT A 15-YEAR LOW 700 $191 M FROM ARRA 600

$ MILLIONS

500 400 300 200

100 0

REJECTION OF I-80 TOLLING FOR ACT 44


HOW MUCH CAPITAL FUNDING DOES SEPTA RECEIVE COMPARED WITH ITS INDUSTRY PEERS?

$ MILLIONS

SEPTA’S CAPITAL FUNDING IS ORDERS OF MAGNITUDE BELOW COMPARABLE AGENCIES $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $-

PER…

FY 2012

FY 2013

$1,352 $1,160 $1,152 $1,000

$957

$997 $883

$815 $311

Chicago (RTA) New Jersey (NJT)

Wash. DC (WMATA)

Boston (MBTA)

$304

Phila. (SEPTA)

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


HOW MUCH ADDITIONAL FUNDING DOES SEPTA NEED TO ACHIEVE A STATE OF GOOD REPAIR (SGR)? +$129M PER YEAR TO MAINTAIN BACKLOG; +$452M PER YEAR TO ELIMINATE IT 9

SGR BACKLOG ($ BILLIONS)

8

CURRENT LEVEL OF SGR SPENDING ($200M/YEAR)

7 6

5

MAINTAIN EXISTING BACKLOG ($329M/YEAR)

4 3 2

ELIMINATE BACKLOG IN 20 YEARS ($652M/YEAR)

1 0 FY2012 FY2014 FY2016 FY2018 FY2020 FY2022 FY2024 FY2026 FY2028 FY2030 FY2032


WHAT DOES SEPTA MEAN TO THE REGION’S ECONOMY? SEPTA SUPPORTS JOBS AND ECONOMIC PRODUCTIVITY

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


WHAT DOES SEPTA MEAN TO THE COMMONWEALTH? SEPTA SUPPORTS JOBS, TAX REVENUES, AND ECONOMIC PRODUCTIVITY

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

$12

$51

$63

TOTAL TAX REVENUES ($M)


WHAT ARE THE LONG-TERM ECONOMIC & FISCAL IMPACTS OF STATUS QUO FUNDING LEVELS? A MASS MIGRATION FROM CITY, WITH SEVERE IMPACTS ON THE REGION & COMMONWEALTH

CITY OF PHILADELPHIA

COMMONWEALTH OF PENNSYLVANIA

JOB LOSS

(59,458)

(24,772)

EARNINGS LOSS ($ M)

($2,355)

($1,631)

($14,296)

($8,443)

($289)

($99)

PROPERTY VALUE LOSS ($ M) TAX LOSSES ($ M)

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