Port of Port Townsend adopts its 2021 budget 

Leader news staff
news@ptleader.com
Posted 11/19/20

At a special meeting last week, Port of Port Townsend commissioners voted to adopt their spending plan for 2021. 

The budget resolutions approved included the 2021 proposed rates for the Port …

This item is available in full to subscribers.

Please log in to continue

E-mail
Password
Log in

Port of Port Townsend adopts its 2021 budget 

Posted

At a special meeting last week, Port of Port Townsend commissioners voted to adopt their spending plan for 2021. 

The budget resolutions approved included the 2021 proposed rates for the Port of Port Townsend, operating and capital budgets, an update to the comprehensive scheme of harbor improvements, a property tax levy and an Industrial Development District tax levy.   

A total of $1.5 million has been dogeared for capital projects in 2021. Projects include design work at the Point Hudson jetties, repairs of storm damage at the Boat Haven breakwater, annual repairs to C and D docks, and other vehicle and equipment purchases. 

The biggest revenue generators for 2021 are expected to be moorage fees at Boat Haven Marina, which comprise 18.5 percent of the Port’s revenue. Revenue from yard operations accounts for 18.4 percent and Point Hudson brings in about
13.7 percent of the anticipated revenues for 2021. 

The largest expenditures for the Port in the 2021 budget are for yard operations ($1.8 million) and at Point Hudson ($1.7 million). The Port also anticipates spending about $1.5 million in 2021 for its Boat Haven moorage operations.   

The tax levy approved by the port is 16 cents per $1,000 of assessed property value, which is expected to bring in more than $1 million in 2021. 

An additional $1.6 million will be levied in 2021 through the Port’s Industrial Development District tax.

Comments

No comments on this item Please log in to comment by clicking here