SEPTA Releases FY22 Operating Budget Proposal SEPTA Releases FY22 Operating Budget Proposal Written by Marybeth Luczak, Executive Editor Under the SEPTA proposal, service would rise on subways, trolleys and buses to 96% of pre-COVID levels, and to 80% on Regional Rail, as needed during FY 2022. The Southeastern Pennsylvania Transportation Authority (SEPTA) has proposed a $1.52 billion operating budget for FY 2022, allowing for increased service without fare hikes. It represents a 1% decrease from the prior-year budget. If approved by the Board at its June meeting, the new budget will go into effect July 1, 2021. Under the proposal, service would rise on subways, trolleys and buses to 96% of pre-COVID levels, and to 80% on Regional Rail, as needed during FY 2022. “SEPTA is closely monitoring ridership patterns and will modify service as demand increases,” the agency said. Currently, ridership is at 38% of pre-COVID levels, and SEPTA noted that it continues to lose approximately $1 million per day in fare revenues.