EVERETT — On November 3, the Port of Everett Commission adopted a $72.5 million 2027 operating and capital budget that continues to implement the Port’s Strategic Plan and overall vision of a vibrant and balanced working waterfront.
The 2027 budget and financing plan reflect ongoing and anticipated financial implications resulting from current economic factors, including tariffs and economic uncertainty. The budget positions the Port to support economic development and jobs, aligned to present conditions, while being mindful of the needs of ongoing operations.
The Port is budgeting total expenditures in 2027 of $72.5 million, consisting of:
- Capital investments of $20.1 million
- Operating expenses of $38.3 million
- Debt service and other obligations of $11.8 million
- Non-operating expense for public access and other costs of $1.5 million
- Contribution to cash and reserves of $0.8 million
About the Port of Everett’s Capital Improvement Plan
The 2027 – 2031 Capital Improvement Plan continues to develop the waterfront as a place of commerce, as well as a recreational destination for citizens and guests to recreate. The plan includes 42 projects that advance the Port’s Strategic P...