The Port of Seattle Commission authorised the port's annual budget and plan of finance yesterday, approving nearly $500 million in capital projects and maintaining the agency's tax levy at $73.5 million, according to a Port of Seattle press release.
The budget also will see over $9 million invested in transportation infrastructure, and $11.6 million invested towards environmental projects.
"Generating jobs, protecting our environment, and holding taxes flat - those are our priorities and they are reflected in this budget," said Commission President Bill Bryant.
Funds generated from the port's tax levy are to be invested in capital and environmental projects, as well as freight mobility projects aimed at improving access to port facilities.
According to the release, the port also plans to use these funds to put noise insulation in schools around Sea-Tac Airport and support facilities such as the Fishermen's Terminal, the home of the North Pacific Fishing Fleet.
Projects funded in the 2011 budget include the Sea-Tac Airport, a pre-conditioned air facility that will allow planes to plug into centralised air, rather than running engines or diesel generators to power plane operations while at the gate, as well as the Green Port Initiative, a comprehensive programme implementing storm water treatment, energy conservation, and emission reduction programmes across port facilities.
The port is forecast to end 2010 in the black, with a net income of $53 million.
The budget also will see over $9 million invested in transportation infrastructure, and $11.6 million invested towards environmental projects.
"Generating jobs, protecting our environment, and holding taxes flat - those are our priorities and they are reflected in this budget," said Commission President Bill Bryant.
Funds generated from the port's tax levy are to be invested in capital and environmental projects, as well as freight mobility projects aimed at improving access to port facilities.
According to the release, the port also plans to use these funds to put noise insulation in schools around Sea-Tac Airport and support facilities such as the Fishermen's Terminal, the home of the North Pacific Fishing Fleet.
Projects funded in the 2011 budget include the Sea-Tac Airport, a pre-conditioned air facility that will allow planes to plug into centralised air, rather than running engines or diesel generators to power plane operations while at the gate, as well as the Green Port Initiative, a comprehensive programme implementing storm water treatment, energy conservation, and emission reduction programmes across port facilities.
The port is forecast to end 2010 in the black, with a net income of $53 million.