Tag Archives: Budget

Especially during this campaign season, people often ask me how the Port of Seattle is doing. Here are some quick facts (through September 2011). • Total operating revenues through September were $380 million, that’s $1.4 million above budget. • Total operating expenses were $191.7 million, that’s $23 million or 10.7% under budget. • Net Operating …Continue Reading »

 “How is the Port of Seattle doing?”  Every day people ask me that.  Often, they are more than just curious.  Since the Port of Seattle generates over 100,000 jobs in King County, how it’s doing is one indicator of our economy’s health.  Here are facts and figures from the first half of 2010: January-June 2010, …Continue Reading »

Today I was honored as the 2010 Maritime Public Official of the Year. In accepting the honor I emphasized the critical relationship between a street and highway system that serves our maritime, fishing, and industrial community and our region’s ability to generate jobs. 70,000 families depend on a vibrant working waterfront for jobs, and that …Continue Reading »

People often ask me about how the Port of Seattle is doing in these tough times. This past year, the port commission worked very closely with port CEO Yoshitani and port staff to eliminate programs that had outlived usefulness, to cut payroll (6%), to increase employee medical contributions and to scrutinize expenditures.  As we approach year-end, those …Continue Reading »

While some governments are talking about raising taxes and tapping reserves, the Port of Seattle has done the opposite. In our 2010 budget, we cut taxes and set up a new transportation/infrastructure reserve fund to start covering known, future liabilities. During 2009, the port commission emphasized the need for the port to maintain net operating …Continue Reading »