Port of Woodland Commission Approves Final 2013 Budget – News Release

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For Immediate Release
November 16, 2012

WOODLAND, Wash. – Port of Woodland Commissioners approved the port’s final 2013 budget at their regular meeting last night, with no tax increase and a noted yet modest projection of revenue growth.

The port’s budget, for the fifth straight year, does not 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 will remain at a total of $200,000, which is the same amount as the 2012 budget. That equates to roughly 18.7 cents per $1,000 of assessed value, well below the maximum 45 cents per $1,000 allowed to ports under state law.

“The commissioners and staff are commiTed to running the port as efficiently as possible, this budget – as with others – reflects that commitment,” said Executive Director Nelson Holmberg. “It has been an excellent financial planning process that continues to allow for continuation of projects aligned with our 10-­‐‑year strategic plan, and continue to serve our community, our tenants and the people of the port district.”

In 2013, the port’s total budget is $1,081,478.52, with the largest expenditures budgeted for debt repayment ($389,874.71), salaries and benefits and associated expenses, ($187,102.00), and building and property maintenance ($89,000). Of the total $1,081,478 revenue, nearly 82 percent comes from leases of port buildings and properties and the sales of sand. Just 18.5 percent of the port’s revenue is paid by taxes. Port policy dictates that property tax proceeds may only be spent on environmental cleanups, capital investment and repayment of debt, all of which allow for a positive return on the public’s investments in the port. By comparison, the port’s 2012 budget was $1,066,647.44. A public hearing was conducted during last night’s meeting, with no testimony offered.

ABOUT THE PORT OF WOODLAND
The Port of Woodland, which celebrated its 50th year in 2010, owns more than 300 acres of property for light industrial and recreational opportunities in south Cowlia County along the Columbia and Lewis rivers. The port’s location provides easy access to Interstate 5, rail transportation on the BNSF Railway north-­‐‑south mainline, and is close to deep draft marine terminals at three major shipping ports. The Port of Woodland is also 30 minutes from Portland International Airport and is included within the Portland-­‐‑Vancouver USA metropolitan statistical area (MSA).

– POW –
Port of Woodland
115 Davidson
P.O. Box 87
Woodland, WA 98674

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