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2010 Final Budget
November 23, 2009
The Port Commission approved the 2010 Final Budget at its meeting on November 23, 2009.
The 2010 budget estimates gross revenues of $6,063,900, expenses of $6,364,350 and capital expenditures of $1,590,000.
The Port Commission directed that no change in the regular property tax levy be authorized for the levy to be collected in the 2010 tax year (note: this is exclusive of additional revenue resulting from new construction).
The Port will collect approximately $1,317,097 in property taxes in 2010 which will be used to pay for debt service on prior years' capital construction uses and capital construction. The levy will not be used for operations.
A copy of the 2010 Final Budget is available at the following link:
2010 Final Budget
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