The Port of Vancouver commission unanimously approved its 2021 operating budget during its regular meeting last week.
The $54.1 million budget forecasts $40 million in revenues for the year, most of which will come from marine, terminal and rail operations, with the remainder coming from commercial and industrial leases, according to a press release from the port. The port also takes in $12 million in nonoperating revenue from property taxes, which is used for environmental remediation, repayment of general obligation bonds and building and improving facilities.
