Port of Vancouver USA Board of Commissioners approves 2017 budget
The commission voted to hold the port levy steady for the fifth year in a row, meaning annual taxes on a $295,000 home – the median price in Clark County – will be approximately $89 in 2017.
At $85.2 million, the port’s 2017 budget is $8.3 million more than its 2016 budget. The increase is mainly due to next year’s capital program, which at $44 million supports completion of the port’s West Vancouver Freight Access project, construction of new facilities and ongoing maintenance of the port’s many assets.
Budget highlights include:
- $25.9 million in revenue from marine operations, a 9 percent decrease from the 2016 projection of $28.7 million.
- $9.9 million in revenue from industrial activities, down slightly from the 2016 projection of $10.5 million.
- Construction of a 125,000-square-foot industrial building at the port’s Centennial Industrial Park.
- Replacement of the port’s 88-year-old, 100,000-gallon water tank with a 250,000-gallon tank.
- Improvements to marine and industrial facilities to help support tenants and attract business and jobs to the port.
- Assessment and design work for improvements to the dock at Terminal 1.
Visit the Port of Vancouver’s budget Web page for more about the 2017 budget, the budgeting process, how tax dollars are invested in the community and more.
– POV –
The Port of Vancouver USA is one of the major ports on the Pacific Coast, and its competitive strengths include available land, versatile cargo handling capabilities, vast transportation networks, a skilled labor force and an exceptional level of service to its customers and community. For more information, please visit us at www.portvanusa.com.