TagProperty Tax Levy(67)

Slide 7 from a Port of Seattle presentation titled 'Capital Planning and Funding – Airport,' featuring the Port of Seattle logo. The slide uses the organization's branded color palette of teal, light blue, dark navy, and green.

A presentation slide titled 'Debt is an Important Funding Tool' outlines types of debt (revenue bonds supported by operating cash flow, General Obligation bonds supported by tax levy), use of debt for near-term funding and long-term investments, and debt management metrics including debt service coverage targets (Airport: 1.25x, Non-airport: 1.50x under review), maximum tax levy leverage of 75%, minimum operating fund balances averaging 9 months of operating expense, and Cost Per Enplanement (CPE). The slide's reference to airport-specific debt service coverage ratios and CPE suggests an airport authority financial policy context.

Slide 5 from a Port of Seattle capital finance presentation explains that Airport capital is funded through airline cost recovery, non-aeronautical revenues, airport grants, Passenger Facility Charges (PFC), and Customer Facility Charges (CFC), with Cost Per Enplaned Passenger (CPE) as a key affordability metric. Non-Airport capital—covering the Northwest Seaport Alliance (NWSA), Maritime, and Economic Development divisions—relies on operating cash flow and tax levy funds remaining after other levy obligations are met.

A financial summary slide showing the Port of Seattle's Non-Airport Capital Improvement Plan for 2019–2023, totaling $682.7 million in funded CIP including Maritime & EDD, NWSA shares, contingency and port projects, and strategic reserve. An estimated funding shortfall of $8.5 million is noted in red.

A financial table from a Port of Seattle presentation (slide 12) detailing non-airport capital funding sources for 2019-2023, totaling $674.1 million. Sources include Operating Funds ($71.9M), Operating Cash Flow ($94.8M), Grants ($3.7M), Tax Levy ($85.7M), Harbor Development Fund ($65.9M), Future Revenue Bond Proceeds ($75.2M), and Future G.O. Bond Proceeds ($277.0M).

Slide 11 from a Port of Seattle presentation describes the Port's non-Airport businesses: Maritime, Economic Development (EDD), and its share of the Northwest Seaport Alliance (NWSA). It explains that these businesses share funding from non-Airport cash flow (after revenue bond debt service), available tax levy funds, and bonds paid from net cash flows and the tax levy.

Slide 10 from a Port of Seattle presentation titled 'Capital Planning and Funding Non-Airport,' featuring the Port of Seattle logo and branded graphic design in teal, navy, and green. This section divider slide introduces non-airport capital planning and funding topics within what appears to be a budget or strategic planning briefing.

A presentation slide titled 'Airport Capital Funding' showing Sea-Tac Airport's aviation funding sources for 2019–2023, totaling $2,747.3 million, broken down by operating cash flow, tax levy, grants, Passenger Facility Charges, Customer Facility Charges, and bond proceeds. Bullet points note that operating revenues and revenue-supported bonds cover 90% of airport capital costs, with grants, PFCs, and CFCs covering the rest, and that a small tax levy amount supports Highline Schools noise insulation.

A presentation slide titled 'Tax levy uses' outlines four categories of spending: maritime infrastructure investments, environmental sustainability, regional transportation mobility, and community programs including workforce development, security, and local grants. The slide includes four photographs depicting a waterfront habitat restoration site, a port/highway infrastructure rendering, commercial fishing vessels docked at a port, and a fisherman working with nets.

Presentation slide explaining that Washington State ports are permitted to levy property taxes within their district, with the levy approved by the Port Commission as part of the annual budget process. For 2019, the maximum allowable levy is $104 million, while the current levy stands at $72 million.