PANYNJ approves $3.2b for operations in 2018, $3.4b for capital projects

The Port Authority of New York and New Jersey's (PANYNJ) 2018 operating budget is an increase of $61 million, or 1.9 percent over the 2017 budget, and expenses are expected to be offset by a revenue increase of $127 million (2.5 percent), over last year.