The Port of Seattle Commission approved Resolution No. 3764 on November 19, 2019, authorizing a property tax levy of $76,384,800 for the 2020 budget year — a 3.0 percent increase from the previous year's levy of $74,160,000. The levy rate is approximately $0.120 per thousand of assessed value. Excluding new construction and refund amounts, the effective increase for tax filing purposes was $1,035,306, or 1.4 percent over 2019.

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Resolution No. 3764 authorizes the Port of Seattle’s property tax levy for 2020 at $76,384,800, a 3.0 percent increase from the 2019 levy of $74,160,000. The levy rate is approximately $0.120 per thousand of assessed value. Excluding new construction and refund amounts, the increase is $1,035,306 or 1.4 percent for tax filing purposes.

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As the source for federal transportation grants, the Puget Sound Regional Council was charged with developing a system to meet the growing need for commercial aviation. When the search for a second airport failed, they authorized the Port of Seattle to build the Third Runway, with a mandate to develop a noise abatement and mitigation program. In their effort to stop the Third Runway, the ACC argued over every detail of the Port's efforts--including property buyouts and sound insulation. The dispute was meant to be settled by a three member Expert Arbitration Panel. This is their final report. It finds 2-1, that the Port's program was insufficient in several respects. Despite that, funding for the Third Runway was approved by the PSRC, and the 'Port Package' program, proceeded largely unchanged. Expert Arbitration Panel's final decision finding that the Port of Seattle had not shown sufficient reduction in real on-the-ground noise impacts to satisfy noise reduction conditions required for approval of a third runway at Sea-Tac International Airport. The majority decision concluded the Port's noise abatement programs were insufficient despite being impressive in scope.

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