The Port of Camas-Washougal will enter 2025 in “a strong financial position,” according to Port commissioner Larry Keister.
“Our focus is to ensure the best return for the money we spend,” Keister said. “The Port is growing, and it is important that money is available for new projects as the economy (changes) and business demands arise.”
Port commissioners will vote to adopt the final budget after a public hearing on Wednesday, Nov. 20.
As with all previous budgets, the Port “will prepare a budget that operates within its means by only allowing property tax revenue that comes from the Port constituents to be used towards capital projects, leaving operating expenditures to be fully funded by operating revenues and some non-operating revenues excluding property taxes,” according to the Port’s website.
“I am comfortable (that the) 2025 budget will keep the Port in good financial condition,” Keister said. “I am pleased with the team’s effort to develop a balanced budget for the coming year with emphasis on well-planned growth and financial stability to be able to take advantage of future growth opportunities.”