TagProperty Tax Levy(87)

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  • Draft Finance Plan 201-2023-2018_11_13_SM_7c_supp_Page_06

    A presentation slide titled 'Debt is an Important Funding Tool' outlining types of debt (revenue bonds supported by operating cash flow, General Obligation bonds supported by tax levy), uses of debt, 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). No organizational logo or date is visible, though the airport-specific metrics suggest relevance to a major airport authority finance briefing.

  • Draft Finance Plan 201-2023-2018_11_13_SM_7c_supp_Page_05

    Slide 5 from a Port of Seattle capital finance presentation explains that Airport and Non-Airport capital are funded separately. Airport capital relies on 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 Northwest Seaport Alliance, Maritime, and Economic Development) relies on operating cash flow and tax levy funds.

  • Draft Finance Plan 201-2023-2018_11_13_SM_7c_supp_Page_13

    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 harbor shares, contingency and port projects, and strategic reserve, with an estimated funding shortfall of $8.5 million. This appears to be slide 13 from a Port of Seattle budget or planning presentation.

  • Draft Finance Plan 201-2023-2018_11_13_SM_7c_supp_Page_12

    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 at 3% annual increase ($85.7M), Harbor Development Fund ($65.9M), Future Revenue Bond Proceeds ($75.2M), and Future G.O. Bond Proceeds ($277.0M).

  • Draft Finance Plan 201-2023-2018_11_13_SM_7c_supp_Page_11

    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 outlines shared funding sources including non-Airport cash flow after revenue bond debt service, available tax levy funds, and bonds paid from net cash flows and the tax levy.

  • Draft Finance Plan 201-2023-2018_11_13_SM_7c_supp_Page_10

    This is slide 10 from a Port of Seattle presentation titled 'Capital Planning and Funding – Non-Airport.' The slide features the Port of Seattle logo and uses the organization's branded color scheme of teal, green, and dark navy.

  • Draft Finance Plan 201-2023-2018_11_13_SM_7c_supp_Page_09

    A Port of Seattle presentation slide titled 'Airport Capital Funding' details Sea-Tac Airport's 2019–2023 Capital Improvement Program (CIP) totaling $2,747.3 million, funded primarily through operating cash flow ($457M), future bond proceeds ($1,497.1M), and existing revenue bond proceeds ($529.6M). The slide notes that operating revenues and revenue-supported bonds cover 90% of airport capital costs, with grants, PFCs, and CFCs covering the remainder, and that a small tax levy supports Highline Schools noise insulation rather than direct airport use.

  • Draft Finance Plan 201-2023-2018_11_13_SM_7c_supp_Page_18

    A presentation slide titled 'Tax levy uses' lists four funding categories: investments in maritime infrastructure, environmental sustainability, regional transportation mobility, and community workforce development/security/local grants. Three photos illustrate maritime port facilities, large fishing/commercial vessels at dock, and a fisherman working with nets; a fourth photo shows a shoreline restoration or environmental site.

  • Draft Finance Plan 201-2023-2018_11_13_SM_7c_supp_Page_17

    A presentation slide titled 'Tax Levy' explains that Washington State ports may levy a property tax within their district, subject to Port Commission approval as part of the annual budget process. For 2019, the maximum allowable levy is $104 million, while the current levy stands at $72 million.
  • 2022-08-24

    Attention King County taxpayers: Third Runway at Sea-Tac Airport

    A community advocacy flyer from RCAA (Residential Communities Against Airport expansion) urges King County taxpayers to oppose the planned Third Runway at Sea-Tac Airport, warning that the Port of Seattle's $3.3 billion expansion lacks firm financing and could result in significant tax increases for King County residents. The flyer highlights that the Port can raise property levies by over 60% without voter approval, and that elected officials from neighboring counties — whose residents face no such tax burden — will have a vote in approving the project through the Puget Sound Regional Council. Residents are urged to contact local officials including King County Executive Gary Locke, Seattle Mayor Norm Rice, and their respective councils to oppose the expansion.