Newark Liberty International Airport Terminal A exterior. – courtesy PANYNJ / Flickr
The Port Authority of New York and New Jersey on Nov. 13 unveiled the agency’s proposed $10.3 billion capital and operating budget for 2027, which will continue to advance infrastructure investments across New York and New Jersey while supporting safe, reliable operations across the agency’s transportation network.
The proposed budget includes $4.5 billion for operating expenses, $4 billion for annual capital spending, $1.7 billion for debt service, and $0.1 billion in deferred expenses. The agency’s proposed 2027 core operating expense budget of $4.5 billion reflects a 5.7% increase over the 2026 operating expense budget, after new assets and other priorities are included…