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Port Trimming More Than Christmas Trees

NEW YORK CITY-The Port Authority of New York & New Jersey is approving its 2010 budget, slashing 150 positions and postponing a few projects until after 2016.

By Ryan Clark | Updated on December 11, 2009

NEW YORK CITY-The Port Authority of New York & New Jersey is approving its 2010 budget, which caps off at $6.3 billion. The measures the dual-state agency is using to reach that goal are an amalgamation of layoffs, postponements and financial trimming, which the agency feels will control costs for the upcoming year.

The staff will see a 150-person reduction, which officially drops the Port’s headcount to its lowest levels in 40 years. Financial measures will show a 0% growth in operating expenses, a 20% drop in overtime and external consultants will be reduced by 32%–equal to about $15 million.

“The Port Authority is not recession-proof,” explains Port Authority Executive Director Chris Ward in a statement. “Like all public agencies, we have been hit hard by the economic downturn and have made difficult decisions to make certain our spending lives within our means. This budget meets our critical spending priorities, but only because we continue to rein in operating expenses and prioritize capital projects, which we will continue to do going forward.”

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