Financial Information

Property Tax Code 

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 the 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. 

Bond Rating Reports 

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no assurance that such ratings will continue for any given period of time or that they will not be revised downward or withdrawn entirely by such ratings agencies, if in the judgment of either or both companies, circumstances so warrant.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 to after the dates of the reports, readers should contact the ratings agencies.  The Port is not undertaking any obligation to update the ratings information.  

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