Agencies sign off on spending plans

摘要

With the new year approaching last month, a handful of transit agencies approved 2008 budgets. The Port Authority of New York and New Jersey (PANYNJ) adopted a $5.9 billion budget that includes $2.3 billion for operating expenses, $2.58 billion for capital expenses, $814 million for debt service and $173 million for other expenditures. The authority also approved a $29.5 billion updated 10-year capital plan, which increased $3.4 billion since the plan was initially adopted in 2006.