The Port Authority of New York and New Jersey’s Board of Commissioners has approved a preliminary $7.1 billion combined operating and capital budget for fiscal 2012 amid complaints that the agency overspends on World Trade Center redevelopment at the expense of bridge, road and tunnel improvements.

Just over half the budget, or $3.7 billion, is for capital expenditures, with $2.6 billion to operate the agency’s facilities; $832 million for debt service on outstanding bonds, notes and other obligations; and $45 million for other expenditures, which are deferred and amortized in future periods.

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