APRIL 26, 2016

BUDGET/FINANCES

Revenue falls 34 percent at the Port of Olympia in 2015

Rolf Boone, April 25, 2016, The Olympian

The Port of Olympia commission on Monday took one more look at the port’s financial performance in 2015, but the picture was unchanged: Revenue fell sharply last year due to a drop in world oil prices, which halted the need to import a product called ceramic proppants.

Importing proppants, also known as fracking sand, had been brisk until oil prices fell. Once prices bottomed out, demand for fracking sand in the North Dakota oil patch came to a stop. The last delivery of fracking sand to the port was in January 2015.

Read more here: http://www.theolympian.com/news/business/article73903602.html#storylink=cpy

 

MISC

North Mason School Board approves transfer of land for park

By Arla Shephard Bull, April 22, 2016, Kitsap Sun

The North Mason School Board voted unanimously Thursday to transfer ownership of a 5-acre parcel south of Belfair Elementary to the Port of Allyn, which plans to work with the Salmon Center to build a park there.

Community members expressed approval of the transfer.

Read more here: http://www.kitsapsun.com/news/nmsd-approves-transfer-of-land-for-park-311a6056-42da-031c-e053-0100007f667c-376784101.html

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