Budget & Tax Levy 2019

A presentation slide showing the Port's tax levy history from 2008 to 2018, noting the 2018 tax levy is $72 million but worth only $59 million in real dollar value due to inflation. The chart compares the maximum levy (rising to ~$102M), actual levy (~$72M), and inflation-adjusted value (~$59M), with bullet points noting purchasing power has been reduced by $100 million since 2008 and local inflation averaged 2% over 10 years.

Notes

A presentation slide showing the Port’s tax levy history from 2008 to 2018, noting the 2018 tax levy is $72 million but worth only $59 million in real dollar value due to inflation. The chart compares the maximum levy (rising to ~$102M), actual levy (~$72M), and inflation-adjusted value (~$59M), with bullet points noting purchasing power has been reduced by $100 million since 2008 and local inflation averaged 2% over 10 years.

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As the source for federal transportation grants, the Puget Sound Regional Council was charged with developing a system to meet the growing need for commercial aviation. When the search for a second airport failed, they authorized the Port of Seattle to build the Third Runway, with a mandate to develop a noise abatement and mitigation program. In their effort to stop the Third Runway, the ACC argued over every detail of the Port's efforts--including property buyouts and sound insulation. The dispute was meant to be settled by a three member Expert Arbitration Panel. This is their final report. It finds 2-1, that the Port's program was insufficient in several respects. Despite that, funding for the Third Runway was approved by the PSRC, and the 'Port Package' program, proceeded largely unchanged. Expert Arbitration Panel's final decision finding that the Port of Seattle had not shown sufficient reduction in real on-the-ground noise impacts to satisfy noise reduction conditions required for approval of a third runway at Sea-Tac International Airport. The majority decision concluded the Port's noise abatement programs were insufficient despite being impressive in scope.

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