THE PORT AUTHORITY OF NY & NJ

Press Release Article


PORT AUTHORITY RELEASES AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDING DECEMBER 31, 2016

Date: Mar 10, 2017
Press Release Number: 34-2017

Action is part of agency’s efforts to keep the public informed and increase transparency

The Port Authority announced today that it released audited financial statements for the year-ended December 31, 2016 on the agency’s website as part of its ongoing initiatives to keep the public informed about its financial performance.

In addition to releasing audited annual financial statements, the Port Authority began releasing quarterly unaudited financial information beginning in 2015 covering the agency’s facilities, operations and investment holdings, thereby enabling the public to scrutinize the agency’s financial results in a timely manner.

The Port Authority’s audited financial statements for the year-ending December 31, 2016 can be found here.

CONTACT:
Port Authority of New York and New Jersey
212-435-7777

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency’s network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere. The Port Authority receives no tax revenue from either the State of New York or New Jersey or from the City of New York. The agency raises the necessary funds for the improvement, construction or acquisition of its facilities primarily on its own credit. For more information, please visit http://www.panynj.gov.