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Seattle Port Budget, Capital Improvement Plan Seeks to Build Equitable Recovery
The Port of Seattle’s 2021 budget and five-year capital improvement plans include targeted reductions in 2021 expenses to maintain long-term financial strength, and a slight increase in the Port’s five-year capital investment plan from $3.3 billion to $3.7 billion over 2021-2025. Port Commissioners are set consider the preliminary budget during meetings today and November 10.
Port of Seattle Executive Director Stephen P. Metruck says, “We operate some of the most essential and productive economic platforms in our region, which puts the Port in a position to help lead the recovery. My preliminary 2021 budget and five-year capital plan maintain that focus on safe operations for essential services, deep investments in major projects that create short-term jobs and long-term results, and programs that make our community more equitable, sustainable, and resilient.”
Commissioners will vote to approve the budget and five-year plan approach at their November 17, 2020 meeting.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Economy
