Port Authority plans $10.3 billion budget for 2027
It includes $4 billion for capital projects and $4.5 billion for operating expenses.
The Port Authority of New York and New Jersey unveiled a proposed $10.3 billion capital and operating budget for 2027, according to ROI-NJ. The plan continues infrastructure investments across New York and New Jersey while supporting safe operations. The proposed budget includes $4.5 billion for operating expenses, $4 billion for annual capital spending, $1.7 billion for debt service, and $0.1 billion in deferred expenses.
The core operating expense budget reflects a 5.7% increase over 2026. Port Authority Chairman Kevin O’Toole said the budget balances generational transformations with critical repairs. Port Authority Executive Director Kathryn Garcia said the agency is delivering modern transportation infrastructure.
The spending will fund labor, security, and maintenance costs, including nearly $1 billion for facility maintenance. The budget also allocates more than $1.1 billion for security. Automatic inflation-based adjustments to bridge and tunnel tolls and AirTrain fares are scheduled for 2027, along with previously authorized increases. Separately, the PATH single-ride fare will increase by 25 cents to $3.50 on January 3, 2027.
Figures as reported by ROI-NJ.
