TagBudget(137)

Engrossed Substitute Senate Bill 5950, passed by the Washington State Legislature on March 7, 2024, is a fiscal appropriations bill that adopts a state budget for the biennium running from July 1, 2023, through June 30, 2025. The bill authorizes spending from various state funds for agency salaries, wages, and other specified purposes, while amending several existing statutes related to financial management. Note: This bill addresses general state fiscal matters and does not contain provisions specifically related to Sea-Tac Airport noise policy.

The Consolidated Appropriations Act, 2024 is a federal government spending bill passed by the 118th Congress that funds multiple agencies and programs for the fiscal year ending September 30, 2024. The act is divided into divisions covering areas such as Military Construction, Veterans Affairs, Agriculture, Commerce, Justice, Energy, Transportation, and Housing, among others. This document is a House resolution providing for concurrence with Senate amendments to H.R. 4366.

This Washington State Senate amendment to P2SSB 5955, introduced by Senator Robinson through the Committee on Ways & Means, removes an appropriation provision from the bill by striking Section 7 and updating the bill's title language accordingly. The amendment eliminates any dedicated funding allocation that was previously included in the legislation, leaving the bill to create a new section without an attached appropriation.

The Port of Seattle's 2024 Preliminary Budget is a financial planning document prepared by the Port's Finance and Budget Departments, outlining the organization's fiscal priorities for the year. The Port previously received a Government Finance Officers Association (GFOA) Distinguished Budget Presentation Award for its 2023 Annual Budget, recognizing it as a strong policy document, financial plan, and operations guide. Note: this document covers general Port of Seattle budgetary matters and does not specifically address Sea-Tac Airport noise policy.

The Port of Seattle's 2024 Budget in Brief outlines the organization's financial plans and priorities, including a historic $5.6 billion five-year capital improvement plan spanning aviation, maritime, and economic development facilities. Seattle-Tacoma International Airport (SEA) reported record-breaking passenger volumes in 2023, with 2024 forecasted to be the strongest year ever for airport and cruise traffic. The budget reflects a strategic approach to balancing bold investment in infrastructure with long-term financial sustainability amid challenges such as inflation and global uncertainty.

On October 10, 2023, the Port of Seattle Commission held a special study session to review the Seattle-Tacoma International Airport (SEA) Aviation Division's preliminary 2024 operating and capital improvement budgets. The briefing, presented by Aviation Managing Director Lance Lyttle and Finance Director Hiedi Popochock, sought commissioner feedback ahead of formal budget approvals planned for November 2023. This session was part of a broader series of budget briefings that began in July 2023.