Port approves $52 million budget

Published on Tue, Nov 23, 2010 by By Jeremy Schwartz

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Port of Bellingham commissioners have adopted a $52.3 million budget that includes nearly $40 million in capital projects and a 5 percent cut in port property tax revenues.

Commissioners adopted the budget after holding a public hearing on Tuesday, November 16.

Commissioners said job creation and economic growth were key points they wanted to address with the budget.

“Ports were created to build the economic strength of a community and we take that role seriously,” said commission president Jim Jorgensen in a press release. “Whether it is recruiting new businesses, helping existing businesses or creating new jobs through our capital improvement projects, we have directed staff to make our local economy the focus of their efforts.”

The budget anticipates $20.9 million in operating revenue from the port’s holdings, including various marinas, real estate and the Bellingham International Airport, in addition to $7 million in property taxes.