Notice and Disclaimer: Information on this website is provided for general informational purposes only and not as a source of investor information. Investor information, including official statements and continuing disclosure, is publicly available on the Municipal Securities Rulemaking Board's Electronic Municipal Market Access System ("EMMA") website. No person should make an investment decision in reliance on the information on this website, nor does anything contained on this website constitute an offer to sell securities or the solicitation of an offer to buy securities. Information on this website, including Port Freeport's Annual Reports and and Monthly Financial Reports, contained on this website speaks only as of its date. By choosing to view the information on this website, you are acknowledging that you have read and understood and accept the terms of this Notice and Disclaimer.
Each year, our commission publishes an annual report of Port Freeport’s business, environmental, and social responsibility accomplishments. You can find and download the reports here, in PDF format.
Click here to find monthly financial updates.
The following property tax information applies to fiscal year 10/1/2019 - 9/30/2020.
This year's tax levy to fund maintenance and operations (M&O) expenditures does not exceed last year's maintenance and operations tax levy.
As a part of the annual budgeting process, the Port Commission reviews anticipated operating and maintenance requirements necessary to ensure effective utilization and safeguarding of the Port’s facilities. Funding sources for these requirements principally come from either the operating revenues generated from the utilization of the Port’s facilities (the larger source) or from the M&O portion of the tax levy. Based on this review, the Port Commission elected to lower same tax rate from last year ($0.0401 per $100 of appraised value).
The second portion of the Port’s tax levy goes to repay certain debts know as General Obligation Bonds which were previously approved by the voters residing in the Port’s Navigation District. As the debt is repaid the portion of the Port’s tax levy allocated to debt service declines thus allocating a larger portion to M&O expense.
If you are unable to view or download the documents below
download Adobe Reader, click here.
Notice and Disclaimer: Ratings and ratings reports reflect only the views of the ratings agencies providing the reports or the ratings, and the Port makes no representation as to the appropriateness of the ratings or the information and conclusions contained in the reports. There is no assurance that such ratings will continue for any given period of time or that they will not be revised downward or withdrawn entirely by such ratings agencies, if in the judgment of either or both companies, circumstances so warrant. For information regarding the ratings and the ratings reports or actions that may have taken place subsequent to the dates of the reports, readers should contact the ratings agencies. The Port is not undertaking any obligation to update the ratings information.