TagProperty Tax Levy(83)
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2018-11-13Port Of Seattle Draft Finance Plan 2019–2023 — Revenue Bond Debt Service Coverage Forecast (Page 14)
A Port of Seattle presentation slide showing the Port-wide Revenue Bond Debt Service Coverage forecast from 2019 to 2023, with coverage ratios declining from 1.67x in 2019 to a projected 1.43x in 2023. The slide notes that coverage is primarily driven by Airport debt service coverage targeted at 1.25X and serves as a measure of financial sustainability for investors and rating agencies. -
2018-11-13Introduction and public hearing of Resolution No. 3751, adopting the final budget of the Port Of Seattle for the Year 2019
The Port of Seattle Commission held a public hearing on November 13, 2018, to introduce Resolution No. 3751, which proposed adopting the Port's final budget for 2019. The budget process began in April 2018 and included multiple Commission briefings covering aviation, maritime, and economic development plans before the preliminary budget was made available to the public on October 25, 2018. The final budget was set to be submitted to the King County Council and Assessor's Office by December 3, 2018, following a second reading and final passage on November 27, 2018. -
2018-11-13Port Of Seattle Draft Finance Plan 2019–2023 — 2019 Finance Initiatives (Slide 15, November 2018)
Slide 15 from a presentation outlining 2019 finance initiatives, including issuing revenue bonds to fund a portion of the Airport Capital Improvement Program (CIP), monitoring existing debt for refinancing opportunities, and developing Public Private Partnership (P3) strategies for appropriate projects. Context indicates this is related to Sea-Tac Airport financial planning. -
2018-11-13Briefing on the tax levy and draft plan of finance for 2019-2023
In November 2018, the Port of Seattle Commission received a briefing on the proposed tax levy and five-year Capital Improvement Plan (CIP) financing for 2019–2023. Staff recommended increasing the property tax levy from $72 million to $74.16 million (a 3% rise) to cover funding gaps in Maritime, Economic Development, and Northwest Seaport Alliance projects, even after deferring certain capital projects. The Airport division was noted as a self-funding enterprise with its own separate financing plan. -
2018-11-13Port Of Seattle Draft Finance Plan 2019–2023 — 2018 Tax Levy Update (Page 23)
This presentation slide titled '2018 Tax Levy Update' details sources and uses of tax levy funds for 2018, showing total sources of $160.7 million and total uses of $114.4 million, with a projected ending levy fund balance of $46.3 million. Key notes include a $66 million Harbor Development Fund for T-5 redevelopment and a $30 million Transportation Infrastructure Fund contribution toward the SR 509 Gateway MOU. -
2018-11-13Draft Plan of Finance 2019-2023 and Tax Levy briefing
This November 2018 Port of Seattle briefing document outlines the Draft Plan of Finance for 2019–2023, covering capital planning and funding strategies for both airport and non-airport operations. It also provides background on the tax levy and a 2018 update, serving as a financial roadmap for the Port's major investment priorities over the five-year period. -
2018-11-13Port Of Seattle Draft Finance Plan 2019–2023 — King County Homeowners Property Tax Impact (Page 20, November 2018)
A Port of Seattle presentation slide explaining that King County homeowners pay property taxes based on assessed value, with the 2018 rate at 13.5 cents per $1,000 (estimated $69 for the median homeowner with a $509,000 assessed value). A dual-axis line chart shows assessed value (red) and the Port's millage rate (blue) from 2008 to 2018, illustrating an inverse relationship as assessed values rose and the millage rate declined. -
2018-11-13Port Of Seattle Draft Finance Plan 2019–2023 — Tax Levy Background Section (Slide 16, November 2018)
Slide 16 from a Port of Seattle presentation titled 'Tax Levy Background and 2018 Update,' featuring the Port of Seattle logo. The slide appears to be a section divider introducing content related to the port's tax levy history and 2018 status, relevant to noise-policy funding context at Sea-Tac Airport. -
2018-11-13Port Of Seattle Draft Finance Plan 2019–2023 — Tax Levy Non-Capital Uses (Page 24)
A Port of Seattle budget presentation slide detailing non-capital tax levy uses for 2019–2023, totaling $381.5 million. Line items include G.O. bond debt service (existing $200.5M and new $78.7M), Non-Airport Environmental Expense ($75.9M), Economic Development Programs ($14M), 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. -
2018-11-13Port Of Seattle Draft Finance Plan 2019–2023 – Tax Levy Non-Capital Uses Comparison (Page 25, Nov 2018)
A Port of Seattle budget presentation slide recommending a 3% annual increase to the tax levy amount over 2019–2023, comparing a flat $72 million levy (total $547 million) against a 3% annual increase scenario (total $674 million). The additional $127 million capacity under the recommended option comes entirely from tax-backed General Obligation bonds, and the analysis notes alignment with King County consumer inflation.