Sunday, January 10, 2010: 07:50:57 PM

Foreign Updates

Port Authority of NY, NJ to cut 150 jobs in 2010

The Port Authority of New York and New Jersey's 2010 preliminary budget calls for 150 job cuts and investing $3.1 billion on capital projects, including the World Trade Center.



The authority's board of commissioners will vote on the budget December 10. However, the preliminary budget calls for no increases in tolls or fares. The budget's cost-cutting measures include a 20% reduction in overtime and a 32% reduction in external consultants. The Port Authority operates the region's three major airports, the PATH commuter rail line, marine terminals and ports, six tunnels and bridges between New York and New Jersey, the Port Authority Bus Terminal and the trade center site.

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