Port Authority officials were brimming with good news: revenues for the first quarter of 2024 were up by $31 million compared to 2023 and $16 million more than budgeted for. The good news for the bi-state agency continued when Fitch Ratings gave a stable AA- ranking last week to a $650 million Port Authority bond issue that would fund major capital projects. Fitch cited strong airport recovery and proactive toll increases on the authority’s six bridges and tunnels that had minimal impact on traffic levels. Fitch cited “solid growth in 2023 for aviation and toll traffic and revenues and mainten…