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

AP News
Posted: Dec 03, 2009 5:19 PM

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 Dec. 10.

The budget's cost-cutting measures include a 20 percent reduction in overtime and a 32 percent 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.

The preliminary budget calls for no increases in tolls or fares.