Friday, November 30, 2018

Everett Passes 2019 Budget

By Karen Robes Meeks

Earlier this month, the Port of Everett Commission passed its $102 million budget for 2019, which includes nearly $59 million in new capital projects.

The adopted spending plan, which covers close to 100 employees, includes $25.1 million in operating/non-operating expenses, $2.1 million toward cleaning up legacy pollution on port land and $6.3 million toward long-term debt.

The budget reflects the port’s commitment to enact its strategy to modernize its seaport and develop a new community with the Waterfront Place Central Development.

In 2019, the port will fund 53 capital projects including the South Terminal Wharf and Electrical Upgrade construction, the Fisherman’s Harbor construction and the Central Marina Improvements.

The work is part of the port’s long-term Strategic Initiatives, which cover more than 145 capital projects totaling $392 million, $282 million of which are considered opportunity.