Railway Interchange 2017 Product News
Progressive Railroading

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry

All fields are required.

Rail News Home Shippers


Rail News: Shippers

PANYNJ approves operating budget for 2013

The Port Authority of New York and New Jersey's (PANYNJ) board last week approved a $2.57 billion operating budget for 2013.

The budget will maintain administrative expenses at a flat level for the fifth consecutive year and maintain agency headcount at the lowest level in decades, PANYNJ officials said in a prepared statement.

The budget includes savings in compensation and benefit expenses from reforms announced in mid-2012. The board will consider the agency's capital budget at a future meeting, PANYNJ officials said.

Budget highlights include $549 million for new security efforts at the World Trade Center, airports and other facility patrols; $775,000 for a new Transparency Office to oversee and manage the flow of agency information to the public; and continued investments in environmental initiatives.

"The 2013 operating budget … is a balanced and fiscally responsible plan that contains both significant cost-cutting measures and progressive operational reforms," said PANYNJ Chairman David Samson.

Contact Progressive Railroading editorial staff.

More News from 12/10/2012