Bonds from the Southern Pennsylvania Transportation Authority will not be affected by a workers’ strike that halted Philadelphia’s subway and bus service beginning early Tuesday morning.

The authority’s roughly $400 million of outstanding debt is paid with dedicated funds from Pennsylvania’s public transportation system fund, which includes taxes on car leases and rentals, tire fees, and a portion of the state’s sales tax, according to SEPTA’s assistant treasurer, Kurt Weidenhammer.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.