The Port of Woodland Commission approved the 2023 final budget on November 17. The Commission approved the levy at 101% (approximately $0.20 per $1,000 assessed value). The Port’s capital budget included $10,000 in partnership of a civic center construction of the Woodland Visitor’s Center for future relocation/construction, $50,000 in partnership with the City of Woodland for a Woodland Bottoms master plan (including infrastructure and transportation), dark fiber completion of the backbone between Ariel and Cougar, marketing plan for the SR 503 Yale to La Center dark fiber study. construction of buildings 1 and 2 at Rose Way Industrial Park, and capital maintenance projects at Down River Drive. In addition, the Port is finalizing the contract for the dark fiber- fiber to home for residences between Ariel and Cougar and anticipates the design and engineering to get underway for the project. Total 2023 capital project budget is $6.6 million.
Capital revenues include nearly $5.5 million in grants and low interest loans to fund the capital projects and debt services for the Port. Total taxes anticipated is $457,750.
Operations for salaries and benefits increases with cost of living increases and expenses were balanced to ensure a balanced operational budget for 2023. Insurance saw a steep increase which has been noticed across the industry with 10-15% increases. Revenues from leases remained flat as the Port looks for future increases operational revenue with leases at Rose Way.
For more information about the 2023 Port of Woodland Budget click here