TagProperty Tax Levy(83)
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2025-11-11Introduction and Public Hearing of Resolution No. 3839, Adopting the Final Budget of the Port Of Seattle for the Year 2026
The Port of Seattle Commission held a public hearing on November 11, 2025, to introduce Resolution No. 3839, which proposes adopting the Port's official budget for the year 2026. The budget process, which began in May 2025, included multiple Commission briefings covering operating and capital expenditures across aviation, maritime, and central services divisions. Final adoption was scheduled for November 18, 2025, after which the statutory budget would be filed with the King County Council and Assessor's Office. -
2025-11-11Commission regular meeting agenda, November 11, 2025
This is the agenda for the Port of Seattle Commission Regular Meeting held on November 11, 2025, covering routine administrative and financial business including approval of the Port's 2026 budget, property tax levy, and marine stormwater utility rates. The meeting also addresses consent items such as environmental remediation funding, construction contracts, and interlocal agreements. Note that this agenda does not contain specific content related to Sea-Tac Airport noise policy. -
2025-10-28Maximum Allowable Levy vs Actual Levy Comparison (1990-2026)
A line graph comparing three levy trajectories in millions of dollars from 1990 to 2026 (forecasted): the Maximum Allowable Levy (red), the Actual Levy (blue), and a hypothetical Levy Tied to Inflation beginning in 1990 (green dashed). The Actual Levy remained well below the Maximum Allowable throughout the period, with both projected to converge toward approximately $90–$120 million by 2026. -
2025-10-23Des Moines City Council regular meeting agenda – October 23, 2025
The Des Moines, Washington City Council held a regular meeting on October 23, 2025, covering several local government matters including a discussion of a City of Burien letter to the Port of Seattle, which relates to regional aviation and airport policy concerns affecting the area surrounding Sea-Tac Airport. Additional agenda items included a warehouse tax collections update, a 2026 property tax levy hearing, and new business items such as the Marina Steps construction contract and franchise agreements. The meeting also addressed a Memorandum of Understanding with King County Metro Transit and an update to the B&O Tax Model Ordinance. -
2025-04-08
Port Commission approves $1.9M in Economic Development Grants
But are Airport Communities really being served? At today’s Port of Seattle Commission meeting, the Port approved the 2025–2026 Economic Development Partnership Program — allocating up to $1.9 million in funding for economic initiatives in cities throughout King County. Agenda Packet While the Port frames this as a generous regional investment, a closer look -
2025-04-01Economic Development Partnership Program and 2025-2026 authorization request
The Port of Seattle is requesting $1.9 million to continue its Economic Development Partnership Program for 2025-2026, which provides grants of $10,000–$60,000 to King County cities for local economic development projects such as small business support, tourism, and workforce development. In 2024, 27 cities participated, leveraging over $637,000 in city matching funds to generate a combined $1.4 million investment across the region. The program, active since 2016, is funded by the Port's property tax levy and requires cities to provide a 50% match to ensure shared commitment to project success. -
2024-10-22
Port Commission Meeting features SAMP EA and Tax Levy
Four hours, 700 pages Meeting Agenda It is difficult to get a man to understand something, when his salary depends on his not understanding it. Sustainable Airport Master Plan Draft EA Presentation (Item #11a SAMP EA Presentation) Sarah Potter: Landrum & Brown, Steve Rybold and Sarah Cox: Port of Seattle Today’s Commission meeting was -
2024-10-22Tax Levy Use Forecast 2025–2029 — Stacked Bar Chart of Levy Uses (Page 12)
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. -
2024-10-22Sea-Tac Airport Capital Funding Breakdown 2025–2029 — Draft Plan of Finance (Page 21)
A presentation slide showing the Airport Capital Funding breakdown of $4,918.9 million for 2025–2029, with the largest source being Future Revenue Bond Proceeds at $3,395.9 million. The slide notes that 92% is funded from operating cash flow and revenue bonds, with $364M in capital grants (AIP) allocated to projects including S Concourse Evolution, Noise Insulation projects, and Checkpoint 1 Relocation. -
2024-10-22Port Of Seattle Taxing Authority — 1% Limit and 45-Cent Limit Explained (Page 27)
A presentation slide titled 'Port's Taxing Authority' (slide 25, page 652) explains the Port of Seattle's two taxing limitations: the 1% limit, under which the maximum levy for 2025 is estimated at ~$117.9 million, and the 45-cent limit, under which the 2025 cap would translate to ~$385.8 million per $1,000 of assessed value, excluding G.O. bond debt service.