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Funding

From a financial perspective, the Port’s budget can be divided into two parts-- general Port operations and aviation. The distinction is a financial one rather than operational, but it serves to help explain the Port’s budget and financial information.

General Port operations include the following: marine and industrial development, navigation, engineering, and the administrative divisions. The primary resources for general Port operations are from marine operating revenues, property sales and leases, and the Port’s property tax levy. Property taxes are assessed at a rate of 7.01 cents per thousand dollars of assessed value on property located within the Port’s political district of Clackamas, Multnomah and Washington counties. Annual taxes comprise about three percent of the resources for general Port operations and are an important source of funds to help with long-term capital demands and overall operations.

Aviation is comprised of Portland International Airport (PDX) and three general aviation reliever airports located at Hillsboro, Troutdale and Mulino.

Aviation's operations are self-supporting and receive no direct property tax support. The agreements in place with air passenger and cargo carriers at PDX provide the cornerstone for the aviation line of business.

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Strategic Plan and Budget

 


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Copyright © 2008 Port of Portland. Last modified: 2/14/2007