The School District of Philadelphia
Office of Communications
440 N. Broad Street, Suite 301~Philadelphia, PA 19130-4015~(215)400-4040
FOR IMMEDIATE RELEASE
Media Contact: Megan Lello
SCHOOL DISTRICT OF PHILADELPHIA COLLECTS FIRST PORTION OF RIDESHARE REVENUE
PHILADELPHIA – Today, The School District of Philadelphia announced its first receipt of funds from fees generated from rideshare companies like Uber and Lyft. The funds, totaling $357,593.31, will go to the School District’s General Operating Fund.
“I want to thank the entire Philadelphia delegation for leading the fight to pass legislation ensuring the children of the School District Philadelphia came first,” said Dr. William R. Hite, Superintendent, The School District of Philadelphia. “The best system for the School District of Philadelphia is one that gives us predictable revenue sources, and receiving our first portion of rideshare funds is another positive step in that direction.”
These initial funds were part of the bipartisan budget agreement which temporarily legalized ridesharing services in Philadelphia through September 30, 2016. The bill directed two thirds of the 1% rideshare fee revenues to the School District of Philadelphia; and the remaining one third to the Philadelphia Parking Authority (PPA). The $357,593.31 in rideshare revenue received by the school district this week is from that temporary legislation.
In October of last year the State Legislature passed, and Governor Wolf signed into law, a more permanent rideshare legislation. This legislation increased the assessment to 1.4%. The School District will continue to receive two thirds of the fee revenues, and the PPA will continue to receive the remaining third. Those payments will now be made quarterly. The first of those regular quarterly payments for the period of 11/4/16 through 12/31/16 will total $411,381.12. The School District projects between $2 and $2.5 million annually in revenue from rideshare fees.
“Today’s announcement is the result of a comprehensive effort to regulate rideshare companies statewide, and ensure they pay their fair share for conducting business in a major city,” said State Sen. Vincent Hughes (D-Philadelphia/Montgomery). “In just a short time, revenue has been generated that will directly benefit our schools. This funding is expected to continue to grow as rideshare companies become a more popular transportation choice for consumers, and that’s good news for our schoolchildren.”
“Three months ago, we stood with Governor Wolf as his signature put this long-term solution into place, but today is the real victory,” said State Rep. Maria Donatucci, D-Philadelphia and Chairwoman of the Philadelphia Delegation. “The reality of the day is that this solution is helping shape a Pennsylvania that works for all of us: students, educators, working families and new businesses alike.”