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Port Budget

Posted on 30th November 2010 at 08:38

The Port of Longview is coming off of its third straight year of record activity and revenue, and is priming for yet another year of increased dollars. The Port Commission approved the 2011 budget yesterday, accepting a budget that projects $25,890,000 in revenue; that’s down just slightly from the 2010 projection of $26,213,000, but after expenses, they’re projecting net income of $1,047,000, more than $300,000 above 2010. Commission Chair Bob Bagaason says that they’re in a good place. In the capital budget for 2011, the Port is including a line item for a Loop Track Connection Project. Port officials price that project at about $858,000, and they say it will “close the loop” at the West Industrial Park, connecting a rail stub that currently dead ends. They say this will help to serve a portion of the port property that currently isn’t connected to rail. The Port Commission approved a $200,000 reduction in this year’s tax levy, and they also approved a two-percent increase in salaries for administrative staff at the Port. That comes after a freeze that had been imposed last year. The Port Commissioners say that the Port employees are deserving of a raise, given the hard work that’s gone into three straight years of record income at the facility.