Friday, November 30, 2012

Port of Woodland Approves 2013 Budget

The Port of Woodland, Washington Commission has approved the port’s final 2013, and it includes a modest projection of revenue growth.

The port’s total 2013 budget is $1.08 million, with the largest expenditure budgeted for debt repayment, $389,874. Salaries and benefits and associated expenses are budgeted at $187,102 and $89,000 is planned for building and property maintenance.

By comparison, the port’s 2012 budget was $1.06 million.

"The commissioners and staff are committed to running the port as efficiently as possible, this budget – as with others – reflects that commitment," Executive Director Nelson Holmberg said.

Of the total $1,081,478 in projected revenue, nearly 82 percent comes from leases of port buildings and properties and the sales of sand, with 18.5 percent coming from taxes.

For the fifth straight year, the port’s budget doesn’t include an increase in the port’s portion of the property tax. In the 2013 budget, the port’s share of property taxes collected in the Woodland Port District remains at $200,000, which is the same amount as the 2012 budget. That equates to roughly 18.7 cents per $1,000 of assessed value, far below the maximum 45 cents per $1,000 allowed to ports under Washington state law.

The 52-year-old port owns more than 300 acres of property in south Cowlitz County along the Columbia and Lewis rivers.