Transportation Enhancements News

Closing 2003, a year in which the Port of Tacoma projects a record 1.73 million TEUs (twenty-foot equivalent 'containers') and projects a record $83.8 million in total revenue, the Port Commission has authorized a 2004 budget designed to continue the Port's focus on long-term investments in facilities, regional economic development and the environment. The $194.7 million budgeted for 2004 capital improvements represents the first year of the Port's five-year, $321.3 million Capital Improvement Program (CIP). According to Andrea Riniker, Executive Director, these new capital projects and investments are not only supporting the Port of Tacoma's expansion plans…

focus on long-term investments in facilities, regional economic development and the environment. Program (CIP). Tacoma-Pierce County economy. environmental cleanup and wildlife habitat restoration. debt. market, this is the ideal time for the Port to make these investments. the long-term nature of Port investments. projecting steady growth, but not the dramatic growth of 2002 and 2003. levy. valuation; this amounts to $37.18 on a $200,000 home. allowed to levy a tax of 45 cents per $1,000 of assessed valuation. remaining fiscally responsible," he said. tax levy is projected to generate $9.2 million in 2003.