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At its Dec. 7 meeting, the Port Authority Board of Commissioners approved a $7.2 billion budget for 2011 that calls for a third consecutive year of zero growth in the agency's operating expenses.
Among the authority's cost control measures is a reduction of 200 authorized positions, bringing headcount at the agency to its lowest level in 40 years.
Fiscal discipline on the operating side of the budget has allowed for $3.9 billion in capital spending, enough to continue the agency's safety and security programs, to move priority projects forward, and to maintain the agency's facilities in a state of good repair.
The 2011 budget provides $2.5 billion in operating expenses, $701 million for debt service and $47 million for other expenses including snow, vehicle and technology equipment.
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Details on the Port Authority's $7.2 billion 2011 budget are posted on the agency's Web site.
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