TagProperty Tax Levy(87)

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 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.

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.

A presentation slide showing that only 1.1% of King County's $7.6 billion in 2024 property taxes went to the Port of Seattle, with the median homeowner paying $79 to the Port out of $6,946 total property tax. A bar chart compares the Port's 1.1% share against other taxing districts including State Schools (27.4%), Local Schools (27.3%), Municipal (15.7%), County (14.5%), and All Other (14.0%).

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 bar chart from a Sea-Tac Airport presentation (slide 18) projects $4.9 billion in airport capital spending from 2025 through 2029, broken down annually into Mega Projects and Other Projects. Annual totals range from $863.8M (2029) to $1,138.5M (2026), with a reference line marking the 20-year historical maximum of $579.1M.

A presentation slide titled 'Tax Levy Use Forecast 2025-2029' showing a stacked bar chart of levy uses totaling approximately $565M, broken down into G.O. Debt Service ($238M), Environmental Liability Expenses ($199M), Public Expense ($3M), Capital ($25M), Transportation & Infrastructure ($28M), and Community Programs ($73M). Key notes indicate no surplus tax levy funds are expected over five years, $127M in new G.O. bonds will fund capital investments, and significant additional environmental expenses are anticipated beyond 2029.