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Port Authority Board of Commissioners approves 2022 operating and capital budgets

Following a month-long public comment period, the Port Authority of New York and New Jersey Board of Commissioners approved the agency’s $7.9 billion 2022 budget. The 2022 budget consists of $3.4 billion for operating expenses, $2.7 billion for annual capital spending, and $1.8 billion for debt service and deferred expenses.