Port of Seattle 2023 budget information one-pager

Budget 1pgr 221011 pdf

The Port of Seattle funds its operations primarily through fees, bond proceeds, and operating revenue, with King County property taxes accounting for just 1.2% of all property taxes collected and roughly $78 per year for the median homeowner. The Port's tax levy has historically been directed away from Seattle-Tacoma International Airport itself, instead funding noise mitigation improvements at Highline School District schools near the airport. In 2023, the Port planned to invest $726.8 million in capital projects and $19.1 million across 18 community programs, while managing operating expenses of $573.5 million.

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Port of Seattle budget overview document detailing funding sources, expenditures, tax levy information, and community programs. The document shows that the Port is primarily funded by fees and operating revenue with property tax comprising only 4.1% of funds, and plans to invest $726.8 million in capital projects in 2023.

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