The Port of Bellingham Board of Commissioners adopted its 2014 strategic budget with a 3-0 vote on Tuesday, Nov. 19.
Highlights of the $24.9 million budget include the completion of the commercial air terminal expansion at the Bellingham International Airport, new repair work to key marine infrastructure around the county, and the start of several large-scale environmental cleanup projects on sites around Bellingham’s central waterfront.
Property taxes, which fund about one quarter of the port’s operating budget, will be at a rate of 0.2861 cents per $1,000 of property value in 2014; the rate is unchanged from 2013. Next year, the owner of a home worth $275,000 will pay about $82 in property tax to the port.
Capital projects planned for 2014 include work at the Belligham Shipping Terminal, the Fairhaven Shipyard Pier and Squalicum Harbor.
Financial reports and other port-related financial information are available online.