COMMISSION
AGENDA MEMORANDUM
BRIEFING ITEM

Item No.
Date of Meeting

DATE:

February 26, 2025

TO:

Stephen P. Metruck, Executive Director

FROM:

Elizabeth Morrison, Director Corporate Finance

11a
March 11, 2025

SUBJECT: Federal Grant Update
BACKGROUND
Recent actions by President Trump's administration have raised questions about the status of
various federal grants. The Port benefits from the receipt of federal grant funds at both its airport
and seaport businesses and incorporates federal grant funding in its five-year Draft Plan of
Finance. This briefing will provide an update on grants that were incorporated in the Plan and
the potential risks to that funding.
ATTACHMENTS TO THIS BRIEFING
(1) Presentation slides
PREVIOUS COMMISSION ACTIONS OR BRIEFINGS
October 22, 2024 - Tax Levy and 2025-2029 Draft Plan of Finance

Template revised January 10, 2019.