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The 2007 budget proposes operating revenues of $442.7 million and total operating expenses of $249.7 million. Net Operating Income before Depreciation calculates to $192.9 million. Net Operating Income after Depreciation is budgeted at $44 million.
The 2007 Capital Budget is $684.1 million and represents the first year of the Port's 2007-2011 Capital Improvement Plan, which totals $2.2 billion. This program represents investments identified as integral to achieving the Port’s business plan strategies and objectives.
The 2007 Budget assumes a levy rate of 23.17 cents per $1,000 of assessed value. Because of growth in assessed valuation in King County, this rate will translate into a projected overall tax levy of $68.8 million in 2007, compared to $62.7 million levied in 2006. The tax levy of $68.8 million will be used for General Obligation Bond debt service, Seaport capital improvements, environmental expenses and noise mitigation for the Highline School District.
Table of Contents (19 KB)
Executive Summary (32 KB)
Introduction (207 KB)
Budget Overview (73 KB)
Tax Levy (56 KB)
Aviation Division (117 KB)
Seaport Division (241 KB)
Economic Development Division (55 KB)
Corporate Professional and Technical Services (70 KB)
Capital Budget (283 KB)
Draft Plan of Finance (60 KB)
Statutory Budget (49 KB)
Appendices (58 KB)
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