The Port Authority of New York and New Jersey introduced a 2027 budget on Thursday, which officials said contained no additional toll, fare or fee hikes beyond the agency’s standard automatic increases pegged to inflation.
The bistate agency unveiled its $10.3 billion combined operating and capital budget for the calendar year beginning Jan. 1 with a unanimous vote of its board of commissioners during a noon meeting at its Manhattan headquarters. The meeting was livestreamed and posted on YouTube.
The budget includes $4.5 billion in operating expenses, including salaries, contracted services, utilities, insurance, and routine maintenance costs; $4 billion on capital projects ranging from PATH station upgrades to construction work on a new Manhattan bus terminal; and $1.7 billion in debt service on bonds issued to finance those and a long list of other projects…