In Fiscal Year 2019, SEPTA’s 2,800 trains, buses, trolleys and paratransit vehicles provided 1.0 million trips across the region to work, school, appointments and entertainment. This transit service is the lifeblood of the regional economy. As one of the area’s largest employers, SEPTA also supports the economy as a jobs provider and purchaser of goods and services to keep the system running. In Bucks County, the total value of this economic activity averages $298 million per year, supporting 2,300 jobs, $127 million in worker earnings, and associated tax revenues.
Act 89 – Capital Impact
Now six years into a “Rebuilding the System” program, SEPTA’s Act 89-funded capital investment program is having a substantial impact on the regional economy, up 119 percent compared with pre-Act 89 levels. In Bucks County, the total value of this economic activity averages $154 million per year, supporting 1,090 jobs, $63 million in worker earnings, and associated tax revenues.
Note: CAPITAL impact numbers represent FY2015 – FY2019 (IN $2019) AVERAGE ANNUAL
Suburban Residential Property Value Impacts
Access to rail transit increases property values. In Bucks County, added home value associated with SEPTA’s Regional Rail totals $2.9 billion, up 31 percent since the passage of Pennsylvania Act 89 in 2013. This $2.9 billion represents 7 percent of Bucks County’s entire base of residential property value.
Residential Property Value Based on Proximity to SEPTA Rail Transit
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