Report Highlights April 2013 WHAT IS SOUTHEASTERN PENNSYLVANIAS - PowerPoint PPT Presentation

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 & 20% BRIDGES-13.4% 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% 10.1% 10% 8% 6.3% 5.8% 6% 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 FARE RECOVERY RATIO $3.00 100% $2.66 90% $2.50 80% 70% $2.00 60% $1.49 $1.50 50% 40% $1.00 30% 42% 20% $0.50 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 LIGHT RAIL 77% 80% 80% 68% 70% 70% 60% 60% 52% 52% 51% 49% 46% 50% 50% 40% 40% 23% 30% 30% 20% 20% 10% 10% 0% 0% Boston (MBTA) Phila. (SEPTA) New Jersey (NJT) New York Wash. DC Phila. (SEPTA) Chicago (RTA) Boston (MBTA) (MTA) (WMATA) BUS COMMUTER RAIL 80% 80% 70% 70% 59% 57% 60% 60% 45% 45% 50% 50% 41% 38% 36% 40% 40% 30% 25% 30% 23% 30% 19% 20% 20% 10% 10% 0% 0% New Chicago New York Phila. Wash. DC Boston Chicago New Jersey (NJT) Phila. (SEPTA) Boston (MBTA) Chicago (RTA) Jersey (CTA) (MTA) (SEPTA) (WMATA) (MBTA) (Pace) (NJT) 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 350.0 339.3 340.0 Unlinked Passenger Trips (Millions) 334.0 330.0 329.6 325.1 321.0 320.0 310.0 307.2 305.2 301.0 298.7 300.7 300.0 298.3 296.6 295.3 290.0 280.0 270.0 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 600 500 $ MILLIONS 400 REJECTION OF I-80 TOLLING FOR ACT 44 300 200 100 0

HOW MUCH CAPITAL FUNDING DOES SEPTA RECEIVE COMPARED WITH ITS INDUSTRY PEERS? SEPTA’S CAPITAL FUNDING IS ORDERS OF MAGNITUDE BELOW COMPARABLE AGENCIES FY 2012 FY 2013 $1,600 $1,352 $1,400 $1,160 $1,152 $1,200 $ MILLIONS $1,000 $997 $957 $1,000 $883 $815 $800 $600 $311 $304 $400 $200 $- Chicago (RTA) New Jersey (NJT) Wash. DC Boston (MBTA) Phila. (SEPTA) PER… (WMATA) 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 CURRENT LEVEL OF SGR SPENDING 8 ($200M/YEAR) 7 SGR BACKLOG ($ BILLIONS) MAINTAIN EXISTING 6 BACKLOG ($329M/YEAR) 5 4 3 ELIMINATE BACKLOG IN 20 YEARS 2 ($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 CAPITAL ANNUAL IMPACTS OPERATIONS TOTAL INVESTMENT TOTAL OUTPUT $570 $2,506 $3,077 ($ M) TOTAL EMPLOYMENT 4,079 19,971 24,050 TOTAL EARNINGS $170 $1,201 $1,371 ($ M)

WHAT DOES SEPTA MEAN TO THE COMMONWEALTH? SEPTA SUPPORTS JOBS, TAX REVENUES, AND ECONOMIC PRODUCTIVITY CAPITAL ANNUAL IMPACTS OPERATIONS TOTAL INVESTMENT TOTAL OUTPUT $673 $2,533 $3,206 ($ M) TOTAL EMPLOYMENT 5,065 20,667 25,732 TOTAL EARNINGS $214 $1,237 $1,451 ($ M) TOTAL TAX REVENUES $12 $51 $63 ($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 COMMONWEALTH OF PHILADELPHIA PENNSYLVANIA JOB LOSS (59,458) (24,772) EARNINGS LOSS ($2,355) ($1,631) ($ M) PROPERTY VALUE LOSS ($14,296) ($8,443) ($ M) TAX LOSSES ($ M) ($289) ($99)