If the Seifert fiber space is compact, then this is true, as long as the base orbifold is "good", which means that it has a finite-sheeted manifold cover, which is a compact surface. This induces a cover of the Seifert fiber space which is a circle bundle over the surface. If the base orbifold is bad, then no such covering will exist. This can happen for a Seifert fibering of $S^3$ over a football orbifold with distinct orders of torsion points, or over a teardrop orbifold.
If the Seifert fiber space is non-compact, then there may be infinitely many exceptional fibers, and the base orbifold might have torsion of arbitrarily large order, so there is no hope of finding a finite-index cover which is a circle bundle.
See the draft of Thurston's book for more information on orbifolds and Seifert fibered spaces. Exercise 5.7.10 is on the Seifert fibering of $S^3$ over bad orbifolds.
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