The Port Authority of New York and New Jersey passed a $7.17 billion operating and capital budget Tuesday for calendar year 2011 that keeps operating growth flat while boosting capital spending.

Budgeted capital spending under the plan will increase to $3.89 billion, a $760 million increase over 2010. Debt issuance, including bonds, notes, and other forms of borrowing, will rise by a similar amount next year, to $2.63 billion from $1.86 billion.

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