DRPA unveils proposed budget
With no pay increases scheduled for most of its workers, the Delaware River Port Authority plans to spend $295.65 million next year, a 5 percent increase from this year's $281.46 million operating budget.
With no pay increases scheduled for most of its workers, the Delaware River Port Authority plans to spend $295.65 million next year, a 5 percent increase from this year's $281.46 million operating budget.
Most of the increase will go for higher payments on the DRPA's growing debt.
The proposed budget for actually operating the four Delaware River toll bridges and the PATCO commuter trains is about $130 million, up 1.22 percent from this year.
DRPA officials unveiled the proposed 2010 operating and capital budgets today. The agency's board is to vote on the budgets Wednesday.
John Matheussen, chief executive of the DRPA, called the new budget "very lean" and described it as "very reflective of what the entire economy is going through."
The proposed capital budget, for such things as bridge maintenance and PATCO railcar improvements, is $142 million, up from $104 million in 2009.