Multiple agency fiscal note summary: Large port districts (SB 5955)

This is a fiscal note summary for Washington State Senate Bill 5955, which concerns large port districts. The document estimates that local governments could face operating expenditures of $100 million per biennium across multiple budget periods, while also projecting declining cash receipt losses to local governments ranging from approximately $867,000 in 2023-25 to over $8.5 million by 2027-29. The Office of State Treasurer notes non-zero but indeterminate cost impacts, and the Department of Commerce's fiscal note was not available at the time of publication in January 2024.

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This is a preliminary multiple agency fiscal note summary for Senate Bill 5955, concerning large port districts, published by the Washington State Office of Financial Management. The document summarizes estimated cash receipts, operating expenditures, and capital budget impacts across state agencies including the Office of State Treasurer, Department of Commerce, and Department of Ecology, as well as local governments. Local government cash receipts show negative figures (losses) increasing from approximately $867,000 in 2023-25 to over $8.5 million in 2027-29, while estimated operating expenditures for local government are projected at $100,000,000 per biennium.

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