TagBudget(119)
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2018-11-13Port Of Seattle Draft Finance Plan 2019–2023 — Tax Levy History Since 2008 (Page 19, Nov 2018)
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. -
2018-11-13Port Of Seattle Draft Finance Plan 2019–2023 — King County Homeowners Property Tax Impact (Page 20, November 2018)
A Port of Seattle presentation slide explaining that King County homeowners pay property taxes based on assessed value, with the 2018 rate at 13.5 cents per $1,000, resulting in an estimated $69 Port tax for the median homeowner (median residence assessment: $509,000). A dual-axis line chart shows assessed value vs. the Port's millage rate from 2008 to 2018, with assessed value rising and millage rate declining over the period. -
2018-11-13Port Of Seattle Draft Finance Plan 2019–2023 — Overall Taxpayer Impact 2018 (Page 21)
This slide, labeled page 21, presents 2018 King County property tax data showing the median homeowner paid $5,925 in total property taxes, with $69 going to the Port of Seattle (1.3%). Of the $5.6 billion in total King County property taxes, just over 1% went to the Port; the largest shares went to Local Schools (29.2%) and State Schools (27.5%). -
2018-11-13Port Of Seattle Draft Finance Plan 2019–2023 — Revenue Bond Debt Service Coverage Forecast (Page 14)
A Port of Seattle presentation slide showing the Port-wide Revenue Bond Debt Service Coverage forecast from 2019 to 2023, with coverage ratios declining from 1.67x in 2019 to a projected 1.43x in 2023. The slide notes that coverage is primarily driven by Airport debt service coverage targeted at 1.25X and serves as a measure of financial sustainability for investors and rating agencies. -
2018-11-13Port Of Seattle Draft Finance Plan 2019–2023 — 2019 Finance Initiatives (Slide 15, November 2018)
Slide 15 from a presentation outlining 2019 finance initiatives, including issuing revenue bonds to fund a portion of the Airport Capital Improvement Program (CIP), monitoring existing debt for refinancing opportunities, and developing Public Private Partnership (P3) strategies for appropriate projects. Context indicates this is related to Sea-Tac Airport financial planning. -
2018-06-26Aviation Division 2019 business plan and budget preview
The Port of Seattle's Aviation Division presented its 2019 Business Plan and Budget Preview on June 26, 2018, outlining the process for translating long-term strategic goals into annual budgets and staffing plans. The presentation covers strategic priorities, anticipated budget needs, and staffing requirements for 2019, all grounded in the Port's broader Century Agenda framework. The planning process spans multiple time horizons, from a 5–10 year vision down to annual implementation through business plans, budgets, and performance plans. -
2018-03-27Engrossed Substitute Senate Bill 6032: Washington State 2018 Supplemental Operating Budget (Chapter 299, Laws of 2018)
Engrossed Substitute Senate Bill 6032, passed by the Washington State Legislature on March 8, 2018, and signed by Governor Jay Inslee on March 27, 2018, is a supplemental operating budget bill making appropriations and amendments to various state funds for the 2017-2019 fiscal biennium. The bill covers a wide range of general government expenditures, including funding for the House of Representatives, tax structure reform discussions, and rural health care planning. Governor Inslee approved the bill with a partial veto, striking down more than 20 specific sections. -
2010-03-09Port of Seattle 2009 financial performance
The Port of Seattle's 2009 financial performance report, presented March 9, 2010, shows that operating revenues fell to $448.9 million against a budget of $486.4 million, a shortfall of roughly $37.4 million. To address budget pressures, the Port implemented a $16 million savings plan that included employee furloughs, travel and training cuts, voluntary separations, layoffs, and changes to retiree medical benefits. Despite these measures, income after depreciation came in at $46.8 million, about $4.7 million below the budgeted target of $51.5 million. -
2003-06-24Third Runway project budget update
A 2003 Port of Seattle memo updates the Commission on the ballooning costs of the Sea-Tac Third Runway project, which had grown from an approved budget of $773 million to an estimated $1.1–1.15 billion due to environmental permitting delays, litigation, and stricter regulatory requirements. The project, intended to reduce airport congestion by allowing simultaneous landings on two runways during poor weather, was projected for completion in 2008 if construction contracts were advertised promptly. Key cost drivers included $151 million in additional environmental permit requirements, $55 million in delay costs, and $55 million in project scope additions.