A rendering of the new terminal to be built at LaGuardia Airport. LaGuardia Airport’s new terminal

NEW YORK—The Port Authority of New York and New Jersey released on Tuesday the agency’s proposed $3.4-billion 2020 Operating Expense Budget and a $3.6-billion capital budget for 2020.

The proposed 2020 Operating Expense Budget includes an inflation-based 1.9% increase of $64 million in core expenses versus the 2019 Operating Expense Budget. In addition, the preliminary budget provides an additional $62 million of incremental high priority spending that is comprised of 1) spending to achieve important upgrades in facility operations and in customer experience initiatives, 2) spending for Capital Plan construction project support and 3) spending that preserves or generates revenue.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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