PLA adopts 20% lower budget

Effective from July 1, the budget anticipates a 5.3% decrease in operating revenues and, in turn, targets a 15% drop in operating expenditures during the coming year.

“This budget represents a balanced, fiscally responsible plan with resources dedicated to our primary goals for the year ahead,” said Port executive director Geraldine Knatz.

“In addition to internal communications and workforce development improvements, our priorities are focused on keeping revenue-generating capital projects on schedule; retaining and attracting new business; and seeking new sources of public and private funding for our construction, security, transportation, community and environmental initiatives.”