The Port’s 2021 Budget and 2021-2025 Capital Improvement Plan supports Port priorities to safely operate our essential gateways, equitably expand and create economic opportunity, carry out our sustainability vision, and follow through with our commitment to improve customer service. Our investments make travel and trade more efficient, expand community-based economic development and environmental programs, and reduce our own environmental impact.
COVID-19 prompted immediate challenges to our lines of business, but the Port remains committed to using our 2021 budget and capital development program to lead an equitable regional recovery. Years of careful financial stewardship put us in a position where we can continue strategic investments that support significant economic activity throughout our region. We are focused on supporting community health and wellbeing, providing economic relief to Port partners, continuing our capital investments to support the local economy, and directing community investments where they are needed most.
The 2021 budget continues on a realistic spending path in preparation for a long and uncertain recovery. We based our budget on forecasts showing that some of our key industries will need up to four years to return to 2019 activity levels.
Virtual community presentations
The Port held virtual community presentations to share tax levy changes, planned investments underway, and how we are allocating resources to help lead the COVID-19 economic recovery in our region. Watch the recordings of these virtual presentations to learn more about the 2021 proposed budget and capital investment program.
October 8, 2020
Leading the Recovery: 2021 Aviation Budget and Capital Investment Program Community Briefing and Q&A Session
Watch Aviation Presentation
October 22, 2020
Leading the Recovery: 2021 Maritime Budget and Capital Investment Program Community Briefing and Q&A Session
Watch Maritime and Economic Development Presentation
Resources
Budget materials
Presentation slides
Aviation Budget Open House presentation
Study Session materials
- 2021 Aviation Budget Commission Briefing 10.13.20
- 2021 CIP Study Session 10.13.20 presentation
- 2021 Maritime and EDD Operating Budgets and Portwide Rollup
- Budget Study Session Forecast 10.13.2020
Fact sheets
Blog posts
Budget process
Here are the steps for review and approval of the 2021 budgets:
| Date | Milestone | Public Access |
|---|---|---|
|
10/8 |
Leading the Recovery: 2021 Aviation Budget and Capital Investment Program Community Briefing and Q&A Session |
Watch Aviation Presentation |
| 10/13 (a.m.) |
2021 Aviation Division Operating and Capital Budgets Briefing |
|
| 10/13 (p.m.) |
2021 Maritime and EDD Operating and CIP Budgets Briefing | |
| 10/20 |
2021 Preliminary Budget Document Available to the Commission Release of 2021 Preliminary Budget to the Public
|
Budget document to come |
| 10/22 4:00-5:00 p.m. |
Leading the Recovery: 2021 Maritime Budget and Capital Investment Program Community Briefing and Q&A Session 2021 Preliminary Budget Document (Hard Copy) Available to the Public |
Watch Maritime and Economic Development Presentation
Hard copy available to view at Port Headquarters, Pier 69 |
| 10/27 (p.m.) |
2021 Tax Levy and Draft Plan of Finance Commission Briefing | |
| 10/28 (a.m.) |
NWSA Budget Study Session by Managing Members | |
|
11/10 |
Introduction and Public Hearing of the 2021 Budget; and Commission Approval of the 2021 ILA/Service Directives between POS and the NWSA | |
| 11/11 (a.m.) |
NWSA Budget Adoption by Managing Members |
|
| 11/17 |
Adoption of the 2021 Budget |
|
| 11/30 |
Filing of 2021 Statutory Budget with King County Council and Assessor |
|
| 12/15 |
Release of 2021 Budget to the public |
To be posted on this page |
