Port Authority Proposes $10.3B Budget for 2027
The plan includes funding for a new AirTrain and a new Terminal B at Newark Liberty Airport.
Updated on Nov. 14, 2026 in Air Travel
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The Port Authority has proposed a $10.3 billion budget for fiscal year 2027. The plan includes funding for a new AirTrain at Newark Liberty Airport, which will replace the existing system, as well as a new Terminal B and continued gate improvements at Terminal A.
Why it matters
The AirTrain is designed to meet increasing passenger demand and improve the experience for airport visitors and employees. For travelers using Newark Liberty, the upgrades signal a multi-year effort to expand terminal capacity and transit access.
The proposal is a $10.3 billion Port Authority budget for fiscal year 2027, with no year-over-year comparison given in the source. The Board of Commissioners has not yet adopted it and may revise the plan after public comment.
The players
Port Authority of New York and New Jersey
The bi-state agency that operates major transportation infrastructure, including Newark Liberty International Airport, the region's bridges, tunnels, and marine terminals.
The details
The proposed budget funds a new AirTrain at Newark Liberty Airport to replace the current system, a new Terminal B, and continued improvements and gate expansions at Terminal A. The Board of Commissioners plans to seek adoption of the budget and will consider public comments at its next meeting.
Timeline
November 14, 2026: Port Authority proposes the $10.3 billion budget.
December 17, 2026: Board of Commissioners holds its next meeting to consider public comments.
2027: The proposed budget year covering the AirTrain and terminal upgrades.
Roadmap
The proposal extends the Port Authority's ongoing capital program at Newark Liberty, adding a replacement AirTrain and a new Terminal B to work already underway at Terminal A. It reflects the agency's broader effort to keep pace with rising passenger volumes at the airport.
Travelers flying through Newark Liberty may see construction and phased changes as the new Terminal B and AirTrain are built. Residents who want to weigh in on the budget can submit public comments before the December 17 Board meeting.
The takeaway
Major airport projects are funded through multi-year budgets that can change after public input, so the plan shown here is a proposal rather than a final commitment. Travelers planning trips through Newark should watch for the Board's decision in the coming months.
What happens next
The Board of Commissioners will consider public comments on the proposed budget at its meeting on December 17, 2026, before seeking formal adoption.
Further reading
For more on how airport upgrades affect flying in the region, see Air Travel coverage.
Source note: This article includes information reported by News 12 - New Jersey.
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