Resolution No. 3763 is a Port of Seattle Commission resolution adopted on November 19, 2019, that formally approves the Port's final operating budget for the year 2020. The resolution authorizes a tax levy of $76,384,800 to be collected in 2020, directing King County to impose that amount on assessed properties within the Port District to fund bond repayments, capital improvements, and general Port operations. The resolution also reflects the Port's broader commitments to economic development, environmental sustainability, workforce training, and financial transparency as outlined in its Century Agenda.Open full document
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Resolution No. 3763 adopts the final 2020 budget of the Port of Seattle following a public hearing held on November 12, 2019. The resolution directs the King County Council to levy a total of $76,384,800 in taxes on assessed properties within the Port of Seattle District to cover bond redemptions, capital improvements, and general purposes. The maximum allowable levy was set at $106,250,147 based on a regular levy assessed value of $636,879,445,421.