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Me and @KevinODonovann spent some time talking to SEPTA commuters on platforms a few weeks ago and uniformly there was zero concern about potential cuts.
Despite the warnings, commuters will be in a state of shock when these hit.
Snippet from my investor update in late July:


16.8. klo 21.59
Just witnessed a live reaction to SEPTA cuts announcement poster on Frankford Ave. “What?? The 25???”
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