TagBudget(117)

A budget overview slide showing the Port's Environment and Sustainability Center of Expertise 2025 budget totaling $22.7M, broken down by category including Permitting/Compliance/Habitat (39%), Climate & Sustainability (23%), Stormwater (16%), Aviation Noise (14%), and Maritime Remediation (8%), with separate breakdowns for Maritime E&S and Aviation E&S divisions. Aviation E&S includes a Noise budget line of $3.3M, relevant to Sea-Tac Airport noise policy.

A budget presentation slide titled 'Tax Levy Use Forecast 2025-2029' showing a stacked bar chart of levy uses totaling approximately $566 million, broken down into G.O. Debt Service ($238M), Environmental Liability Expenses ($199M), Community Programs ($73M), Transportation & Infrastructure ($28M), Capital ($25M), and Public Expense ($3M). The slide notes no surplus tax levy funds are expected over the next five years and that $127M in new G.O. bonds will fund capital investments, with significant additional environmental expenses expected beyond 2029.

A presentation slide showing the 2025 Port of Seattle Community Program budget of $20.7M broken down by four activity areas: Economic Development ($7.4M, 35.7%), Equity, Diversity & Inclusion ($6.5M, 31.4%), Workforce Development ($5.4M, 26.1%), and SeaTac Community Relief ($1.4M, 6.8%). The slide itemizes sub-programs including Tourism Marketing Support, Diversity in Contracting, South King County Community Impact Fund (SKCCIF), OEDI Department, and Duwamish Community Equity Program (DVCEP), among others.

A budget table from the Port of Seattle presenting 2025 Community Programs funding as of September 2024, showing 19 line-item programs with budgets from 2022–2025. The Grand Total proposed 2025 budget is $19,621,000, with $12,334,000 (63%) funded by the levy; programs include the South King County Community Impact Fund, Duwamish Valley Community Equity Program, Workforce Development, and others related to Sea-Tac Airport operations.

A budget presentation slide detailing the Port of Seattle's 2025-2029 Tax Levy Fund sources ($496.6 million total, including $38.2 million prior year balance and $458.4 million projected collection) and uses ($495.7 million total, including G.O. bond debt service, environmental remediation liability, and community programs), with a projected ending 2029 levy fund balance of $0.9 million. Key assumptions include maintaining the levy at 75% of maximum allowable and using existing and new G.O. bonds to fund approximately $312 million in Seaport capital investments.

A budget presentation slide titled 'Strong Operating Revenue Recovery' showing Seattle-Tacoma International Airport operating revenues from 2019 actuals through the 2025 budget, broken down into Aero and Non-Aero components. The 2025 budget projects total revenues of $934 million, described as 9.4% above the 2024 budget and 36% above 2019 actuals.

A budget summary slide presenting key takeaways for the 2025 Aviation Preliminary Budget, covering revenues (9.4% increase, passenger volume exceeding 2019 levels), expenses (15.2% increase in operating expenses, 64 new FTEs), financial forecasts (debt service coverage at 1.82x, CPE of $19.57), and budget uncertainties including PFAS impacts, cyber incidents, and environmental remediation liability costs.

A financial forecast slide for Seattle-Tacoma International Airport covering budget year 2025 and forecast years 2026–2029, showing aeronautical and non-aeronautical revenues, operating expenses, debt service, and net cash flow in thousands of dollars. Notes indicate the aeronautical revenue methodology is based on the Signatory Lease Operating Agreement (SLOA) IV expiring 12/31/2024, and average annual net debt service is projected to grow by 20% due to capital expenditure growth.