2022 Budget Overview
2022 operating revenues are budgeted at $766.9 million, a $44.8 million or 5.5 percent decrease from the 2020 budget (we use the 2020 budget, instead of the 2021 budget, as a base for comparison as it represents a more normal pre-COVID level budget). Operating expenses are budgeted at $499.1 million, a $29.4 million or 6.3 percent increase compared to the 2020 budget. Net operating income before depreciation is $267.7 million, $74.1 million or 21.7 percent below the 2020 budget. The 2022 capital budget is $559.5 million, and the five-year capital improvement plan is over $4.4 billion.
The Port’s 2022 budget supports Port priorities to safely operate our essential gateways, equitably expand and create economic opportunity, 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 2022 budget numbers will be posted by December 15, 2021.
