The Port of Seattle's 2024 Budget in Brief outlines the organization's financial plans and priorities, including a historic $5.6 billion five-year capital improvement plan spanning aviation, maritime, and economic development facilities. Seattle-Tacoma International Airport (SEA) reported record-breaking passenger volumes in 2023, with 2024 forecasted to be the strongest year ever for airport and cruise traffic. The budget reflects a strategic approach to balancing bold investment in infrastructure with long-term financial sustainability amid challenges such as inflation and global uncertainty.Open full document
Notes
The Port of Seattle’s 2024 Budget in Brief introduces the Port’s 2024 operating budget and 2024-2028 capital improvement plan. It highlights record-breaking travel and trade volumes at Sea-Tac Airport and cruise terminals, and outlines a $5.6 billion five-year capital plan across aviation, maritime, and economic development facilities. The document covers divisional budgets, capital spending, sources and uses of funds, and the tax levy.