Port of Seattle Press Release 20241119 2025 Budget-sound insulation highlight

Contact: Chris Guizlo | Port of Seattle Media Officer Guizlo.C@portseattle.org Port of Seattle Commission Passes 2025 Budget Continued revenue growth driving strategic investments of $5B on airport capital projects and $600M on maritime work 2025–2029 SEATTLE — Port of Seattle Commissioners adopted the 2025 budget and 2025–2029 Capital Improvement Plan today. The budget, proposed plan of finance, and Port tax levy were presented to Commissioners in multiple Commission meetings this fall and through a public hearing at its November 12 meeting. With annual operating expenses of $678 million and a five-year capital plan of $5.6 billion, the budget and capital plan is focused on creating a Port for the future. The plan is grounded in the Port’s values and its mission to promote economic opportunities and quality of life in the region by advancing trade, travel, commerce, and job creation in an equitable, accountable, and environmentally responsible manner. “The Port of Seattle’s 2025 budget and capital plan is strategically focused on investments in facilities and people to position the Port for the complex challenges our gateways will face in the future,” said Port of Seattle Executive Director Steve Metruck. “We are committed to stronger systems and a safer tomorrow, ensuring our infrastructure is more resilient and secure than ever as we rebuild back from the recent mailto:Guizlo.C@portseattle.org?subject=Press%20release%20 cyberattack. We will continue to invest boldly in our facilities and our people to ensure we can accommodate the increasing demand. We are also continuing to work to create a port that is…
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