Port of Vancouver to adopt budget talk taxes Tuesday

first_imgThe Port of Vancouver Board of Commissioners is expected to adopt a final budget for 2011 on Tuesday. The board meets at 9:30 a.m. at the port’s administrative offices, 3103 Lower River Road. The public is invited to comment on the port’s spending priorities before any decisions are made.The proposed spending plan apportions roughly $58 million, down about 1.6 percent from 2010, to cover everything from rail and marine operations to information technology and environmental cleanup projects.The three-member Board of Commissioners is expected to discuss whether to forgo the 1 percent property-tax increase that the port is allowed to collect under state law. Doing so would cost the port roughly $100,000 and would save the average household about 76 cents. Though it may be a symbolically popular move, port staff have expressed concern about the proposal at a time when the organization is already running lean.In addition, finance director Maggie Smith has said that forgoing the tax increase could hamper the port’s capacity to obtain loans for port improvements and to use accumulated levy dollars as collateral for those loans.Also, the board is expected to discuss what level of funding to provide to the Columbia River Economic Development Council. Commissioners have said they would like to reconsider how much the port contributes to the region’s economic development agency.last_img read more