TO: Commissioners
FROM: Aaron Pritchard
RE: July 24
th
Pre-Budget Study Session Outline
DATE: 07.18.18
On July 24
th
the Commission is scheduled for a pre-budget study session that will
focus on the Capital Investment Plan (CIP) for 2019 – 2023. The purpose of the
study session will be to:
1) Give Commissioners perspective and to seek input on the challenges and
opportunities surrounding funding the 2019 – 2023 Capital Investment Plan
2) To identify potential funding gaps for priority capital projects and
3) Frame a funding prioritization question to be addressed during the 2018
budget process
The proposed presentation will include slides that identify the five-year revenue
and expense trends, the Port’s total revenue and sources, how that revenue is
currently allocated, and an estimated amount available to fund priority projects
from 2019 – 2023. This information has generally been briefed to Commission at
the last two retreats and will serve as a frame for the conversation.
The next slides would offer insight into the CIP prioritization process and the
initial assessment using categories like renewal and replacement, new revenue,
waterfront strategy, innovation district, and community/environmental. The
purpose would be to identify the funding gap that exists when all priority projects
are identified.
The final slides would look specifically at the loss of levy buying power from 2010-
2018, the period where the levy has remained flat. The purpose is to identify the
capital investment trade-offs and prioritizations that are appropriate for the 2018
budget process.
