Port Authority unveils budget
BY JEFF STITT
jstitt@yourmvi.com
Port Authority of Allegheny County staff on Wednesday presented a $463 million preliminary operating and $58 million preliminary capital budget for fiscal year 2020 to the board’s Planning and Stakeholder Relations Committee. The board is expected to be presented a proposed final budget for consideration in June.
Operating revenue in the upcoming fiscal year is anticipated to remain at the same level as 2019; expenses are expected to increase 5% due to higher employee and legacy costs. The fiscal year 2020 budget also calls for up to $1.3 million in additional service, but the authority did not state where service would be expanded to or increased.
The Port Authority remains ahead of projections made in 2014-2015, when it was anticipated that the agency would need to use Act 89 capital funds for operations, according to spokesman Adam Brandolph. Through prudent planning, however, the authority is expected to balance its operating budget using $29 million from a reserve account and will not need to use capital funds.
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