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Budget

Decorative
The celebratory opening of Duwamish River People’s Park in July of 2022. The opening of the park has been a Port priority for the last several budget cycles.

2023 Budget Overview

2023 operating revenues are budgeted at $960.2 million, a $193.4 million or 25.2 percent increase from the 2022 budget. Operating expenses are budgeted at $573.5 million, a $74.4 million or 14.9 percent increase compared to the 2022 budget. Net operating income before depreciation is $386.7 million, $119.0 million or 44.5 percent above the 2022 budget. The 2023 capital budget is $725.8 million, and the five-year capital improvement plan is over $5.3 billion.

The Port’s top priorities for 2023 is to invest in our workforce and our facilities to meet the new challenges and rising demand on essential services, economic opportunity, and sustainable results at a new level.  The 2023 budget also supports Port priorities to safely operate our essential gateways, carry out our sustainability vision, and follow through with our commitment to improve customer service. Our investments make travel and trade more efficient, expand community-based economic development and environmental programs, and reduce our own environmental impact. 

Note: The budget information listed above is preliminary and is subject to change. The final 2023 budget numbers will be posted by December 15, 2022.

General Information

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