TagTax Levy(40)

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  • 2024-10-22

    Sea-Tac Airport Capital Funding Breakdown 2025–2029 — Draft Plan of Finance (Page 21)

    A presentation slide showing the Airport Capital Funding breakdown of $4,918.9 million for 2025–2029, with the largest source being Future Revenue Bond Proceeds at $3,395.9 million. The slide notes that 92% is funded from operating cash flow and revenue bonds, with $364M in capital grants (AIP) allocated to projects including S Concourse Evolution, Noise Insulation projects, and Checkpoint 1 Relocation.
  • 2024-10-22

    Port Of Seattle Taxing Authority — 1% Limit and 45-Cent Limit Explained (Page 27)

    A presentation slide titled 'Port's Taxing Authority' (slide 25, page 652) explains the Port of Seattle's two taxing limitations: the 1% limit, under which the maximum levy for 2025 is estimated at ~$117.9 million, and the 45-cent limit, under which the 2025 cap would translate to ~$385.8 million per $1,000 of assessed value, excluding G.O. bond debt service.
  • 2024-10-22

    Port Of Seattle Share of King County Property Tax — 2025 Tax Levy Presentation (Page 30)

    A presentation slide showing that only 1.1% of King County's $7.6 billion in 2024 property taxes went to the Port of Seattle, with the median homeowner paying $79 to the Port out of $6,946 total property tax. A bar chart compares the Port's 1.1% share against other taxing districts including State Schools (27.4%), Local Schools (27.3%), Municipal (15.7%), County (14.5%), and All Other (14.0%).
  • 2024-10-22

    Port Of Seattle 2025 Community Program Budget Breakdown — $20.7M by Activity Area (Page 33)

    A presentation slide showing the 2025 Port of Seattle Community Program budget of $20.7M broken down by four activity areas: Economic Development ($7.4M, 35.7%), Equity, Diversity & Inclusion ($6.5M, 31.4%), Workforce Development ($5.4M, 26.1%), and SeaTac Community Relief ($1.4M, 6.8%). The slide itemizes sub-programs including Tourism Marketing Support, Diversity in Contracting, South King County Community Impact Fund (SKCCIF), OEDI Department, and Duwamish Community Equity Program (DVCEP), among others.
  • 2024-10-22

    Port Of Seattle 2025–2029 Tax Levy Fund Sources and Uses Summary — Page 32

    A budget presentation slide detailing the Port of Seattle's 2025-2029 Tax Levy Fund sources ($496.6 million total, including $38.2 million prior year balance and $458.4 million projected collection) and uses ($495.7 million total, including G.O. bond debt service, environmental remediation liability, and community programs), with a projected ending 2029 levy fund balance of $0.9 million. Key assumptions include maintaining the levy at 75% of maximum allowable and using existing and new G.O. bonds to fund approximately $312 million in Seaport capital investments.
  • 2024-05-22

    Sound Insulation Repair and Replacement Pilot Program Update

    Seattle-Tacoma International Airport launched a Sound Insulation Repair and Replacement Pilot Program following Commission Order 2024-04, approved on February 27, 2024, with a total budget of $6.5 million — including $5 million reserved for design and construction. The program, funded by tax levy, aims to assess and repair aging sound insulation in nearby homes, incorporating equity guidelines for participation. The 2024 assessment timeline includes resident surveys, acoustic testing, and a final report, with design and construction work planned for 2025.
  • 2023-10-24

    Port Of Seattle 2024 Community Program Funding by Activity

    A Port of Seattle budget slide showing 2024 Community Program funding allocations totaling approximately $21.7M, broken down by activity: Workforce Development ($7,981K, 37%), Economic Development ($6,450K, 30%), Equity Diversity and Inclusion ($4,700K, 22%), SeaTac Community Relief Fund ($1,400K, 6%), Seattle Aquarium ($1,000K, 4%), and Sustainability ($190K, 1%). Detailed line items are listed for each category on the right side of the slide.
  • 2023-06-14

    Candidates briefing

    This June 2023 candidates briefing from Port of Seattle Executive Director Steve Metruck outlines how the Port manages its operations across four business lines — Aviation, Maritime, Economic Development, and Corporate — guided by interwoven priorities including equity, sustainability, safety, fiscal responsibility, and cybersecurity. It also breaks down the Port's $2.0 billion in funding sources, showing that operating revenues (45.2%) and bond proceeds (35.0%) make up the bulk of funds, while the property tax levy accounts for just 4.1%. The document does not directly address Sea-Tac Airport noise policy.
  • 2022-10-01

    Port of Seattle 2023 budget information one-pager

    The Port of Seattle funds its operations primarily through fees, bond proceeds, and operating revenue, with King County property taxes accounting for just 1.2% of all property taxes collected and roughly $78 per year for the median homeowner. The Port's tax levy has historically been directed away from Seattle-Tacoma International Airport itself, instead funding noise mitigation improvements at Highline School District schools near the airport. In 2023, the Port planned to invest $726.8 million in capital projects and $19.1 million across 18 community programs, while managing operating expenses of $573.5 million.
  • Budget 1pgr 221011 pdf
    2022-10-01

    Port of Seattle 2023 budget information one-pager

    The Port of Seattle funds its operations primarily through fees, bond proceeds, and operating revenue, with King County property taxes accounting for just 1.2% of all property taxes collected and roughly $78 per year for the median homeowner. The Port's tax levy has historically been directed away from Seattle-Tacoma International Airport itself, instead funding noise mitigation improvements at Highline School District schools near the airport. In 2023, the Port planned to invest $726.8 million in capital projects and $19.1 million across 18 community programs, while managing operating expenses of $573.5 million.