US$1bn budget for Los Angeles

The latest budget reflects anticipated operating revenues of US$459m, a 9.5% increase over projections for the previous year, due mainly to an expected increase of 6% in cargo volumes, tariff/inflation adjustments and compensation renegotiations. Operating expenses are anticipated at US$209m, a 31% increase from the previous year. These include increased Port Police staffing, maintenance contracts for Port facilities, the Transportation Worker Identification Credential (TWIC) programme and environmental assessment services.

Capital budget expenditures have increased by 79% over 2006/07 estimates to US$239m. This figure includes funding for waterfront development projects, enhancing security, building a temporary baggage handling area at the World Cruise Center and improving a number of existing terminals. Future year commitments on these projects are budgeted at $87m.

Operating and capital environmental programme expenditures include US$25m for the Clean Air Action Plan Truck Program, US$10.7m for work related to shore-side electrical powering of one container terminal as well as the World Cruise Center, and US$2m for improvements at Cabrillo Beach. Additional environmental expenditures are budgeted within individual programmes.