Port of Tacoma Commission Authorizes 2004 Budget
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…
Port of Tacoma Authorizes Budget
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.
