The Port of Seattle Commission adopted its final 2019 budget via Resolution No. 3751 on November 27, 2018, approving a tax levy of $74,160,000 to fund bond repayments, capital improvements, and general port operations. The resolution directed the King County Council to collect this levy from property owners within the Port District, based on an assessed property value of approximately $602 billion. The budget reflects the Port's commitments to economic development, environmental sustainability, workforce training, and transparent fiscal stewardship.Open full document
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Resolution No. 3751 adopts the final 2019 budget for the Port of Seattle, establishing the amount of taxes to be levied on the current assessment roll. The resolution directs the King County Council to levy a total of $74,160,000 to cover bond redemptions, capital improvements, and general operational purposes. The maximum allowable levy was set at $104,150,512 based on an assessed property value of $602,029,823,670 within the Port District.