TagProperty Tax Levy(67)

Presentation slide (page 36) explaining the background of the Industrial Development District (IDD) Levy, noting that a port can levy property tax within an IDD in addition to regular property tax, and that the Port of Seattle implemented its first round of the levy in 1963. The purpose of the levy is to provide for harbor improvements or industrial development of marginal lands, including areas of poor planning or declining tax receipts.

A presentation slide titled 'Current Credit Ratings' displaying bond ratings from Moody's, S&P, and Fitch for six bond categories including General Obligation Bonds (rated Aaa/AAA/AA-) and First Lien Revenue Bonds (Aa2/AA-/AA). The slide also lists noted credit strengths including diverse asset and revenue base, solid coverage and liquidity levels, and conservative debt structure, consistent with an airport authority financial presentation.

This financial table from a Port of Seattle presentation shows Cash Flow From Operations Available for Capital across 2019–2023, broken down by Income from NWSA, Maritime net income, EDD net income, and Revenue bond debt service and adjustments. The five-year total available for capital was $95.4 million, with annual figures ranging from $6.2 million (2020) to $32.5 million (2023).

This financial table presents the Port of Seattle's Tax Levy Cash Flow Available for Capital across fiscal years 2019–2023, showing total levy receipts of $420.8 million against total non-capital tax levy uses of $381.5 million, resulting in $39.3 million available for capital. The slide notes a projected beginning fund balance of $46.3 million also available for capital funding, and includes line items relevant to Sea-Tac Airport noise policy such as Highline Schools NOISE Projects ($2.1 million total) and Environmental Remediation Expense ($75.9 million total).

A Port of Seattle budget slide detailing non-capital uses of the 2019–2023 tax levy, totaling $381.5 million. Line items include G.O. bond debt service ($279.2M combined), Non-Airport Environmental Expense ($75.9M), Highline Schools NOISE Projects ($2.1M), and City of SeaTac Security Enhancements ($7.0M), with a note that an additional $30M is expected for regional transportation projects from the Transportation & Infrastructure Fund.

A presentation slide titled 'Topics' listing four agenda items: Draft Plan of Finance, Capital Planning and Funding: Airport, Capital Planning and Funding: Non-Airport, and Tax Levy Background and 2018 Update. The slide is numbered page 2 and uses a teal and green color scheme consistent with a port or airport authority presentation style.

Title slide for Port of Seattle agenda Item No. 7c, presented at the November 13, 2018 commission meeting. The briefing covers the Draft Plan of Finance for 2019–2023 and a Tax Levy Briefing.

Slide 4 of a Port finance presentation titled 'The Draft Plan of Finance,' outlining that the plan was provided to a Commission to inform budget and capital investment decisions, developed on a sustainable financial model including vetted business forecasting, debt service coverage targets, and minimum operating fund balances. No specific port, date, or organization logo is visible to confirm the exact source.

Title slide for the Port of Seattle's Draft Plan of Finance covering the years 2019 to 2023, featuring the Port of Seattle logo. This document is relevant to Sea-Tac Airport financial planning during that period.

A Port of Seattle presentation slide titled 'Airport Capital Funding' details the Sea-Tac Airport Capital Improvement Program (CIP) for 2019–2023, totaling $2.7 billion across projects including the International Arrivals Facility ($539.1M), North Satellite Terminal ($419.5M), Baggage Optimization ($260.0M), and SAMP (Sustainable Airport Master Plan) Planning/Design ($250.8M). The slide notes the Airport is self-funding under FAA regulations and that the tax levy provides noise mitigation funding for the Highline School District.