TagProperty Tax Levy(45)

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  • Port of Seattle section divider: Additional Information
    2022-09-06 11:42

    Port Draft Finance Plan 2019-2023 – Additional Information Section, Nov 2018

    Section divider slide for Additional Information section, Port of Seattle Draft Finance Plan 2019-2023 staff briefing supplement, November 13, 2018.
  • Port of Seattle table: 2019-2023 non-capital tax levy uses alternate version
    2022-09-06 11:40

    Port Draft Finance Plan 2019-2023 – Tax Levy Non-Capital Uses (Alt), Nov 2018

    Alternate version of slide 24 from Port of Seattle Draft Finance Plan 2019-2023 staff briefing supplement, November 13, 2018. Table of 2019-2023 non-capital tax levy uses totaling $381.5M.
  • Port of Seattle table: 2019-2023 non-capital tax levy uses totaling $381.5 million
    2022-09-06 11:39

    Port Draft Finance Plan 2019-2023 – Tax Levy Non-Capital Uses, Nov 2018

    Slide 24 from Port of Seattle Draft Finance Plan 2019-2023 staff briefing supplement, November 13, 2018. Table of 2019-2023 non-capital tax levy uses: G.O. bond debt service $279.3M, non-airport environmental $75.9M, Highline schools noise insulation $2.1M, City of SeaTac security $7M; total $381.5M.
  • 2022-06-02 01:45

    Port Dracula

    Using your tax dollars to drain the life from your community The Port of Seattle is much more than an airport or a seaport. It works diligently to be the economic engine of King County. By virtue of its status as a Port District under RCW 53, and as owner and operator of a Class
  • 2018-11-13 12:00

    Port Of Seattle 2019 Tax Levy Presentation

    • Tax Levy Background and 2018 Update DRAFT PLAN OF FINANCE 2019-2023 The Draft Plan of Finance • Provided to the Commission to inform the budget process and capital investment decisions • Developed based on a sustainable financial model – Carefully vetted business forecasting – Financial targets that allow the Port to withstand downside risk and maintain strong access to financial markets • Debt service coverage (revenue cash flow available to pay debt service) • Minimum operating fund balances Airport and Non-Airport Capital Are Funded Separately • Airport – Relies on its own operating cash flow from airline cost recovery and non-aeronautical businesses – Unique funding sources: • Airport grants • Passenger Facility Charge (PFC) • Customer Facility Charge (CFC) – Cost Per Enplaned Passenger (CPE) is a critical affordability metric • Non-Airport – Includes Northwest Seaport Alliance (NWSA), Maritime and Economic Development – Relies on a combination of • Operating cash flow • Tax levy after payment of other tax levy uses Debt is an Important Funding Tool • Types of Debt – Operating cash flow can be used to support revenue bond debt – Tax levy can be used to support General Obligation (G.O) bond debt • Use of Debt – Provides near-term funding capacity with long-term repayment – Appropriate for long-term investments • Debt Management – Financial targets and metrics provide guard rails against over leverage • Debt service coverage targets for revenue bonds – Airport: 1.25x – Non-airport: 1.50x (under review) • Maximum tax levy leverage…