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Port Authority

Port Authority Approves $7.8 Billion Budget

by Associated Press
Port Authority NY/NJ

Jason Kuffer/Flickr

The Port Authority of New York & New Jersey has approved a budget for 2015, days after the agency implemented its fourth scheduled toll increases at bridges and tunnels.

   The Port Authority on Wednesday said the proposed $7.8 billion budget holds operating expenses to $2.9 billion, a 1.8 percent increase over 2014 and at or below the rate of inflation. The agency says the increase will be offset by increased occupancy at the redeveloped World Trade Center site.

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