Local News in Brief : $344-Million Port Spending Plan
Port of Los Angeles officials have proposed a $344-million budget for the next fiscal year that projects $170 million in expenditures and calls for the Harbor Department to establish several new programs, including a hazardous materials management program.
The port expects to earn $170.3 million--$300,000 more than it will spend.
More than half the total budget--$174 million--is surplus carried forward from last year. It will not be spent in the next fiscal year.
The budget estimates that the port will spend $25 million for salaries that includes $1.5 million in overtime, and $71 million for construction and capital improvement projects. The port expects to receive $48.8 million from leasing land, buildings and marinas, and $102 million for providing shipping services.
The proposed budget was released Wednesday at a meeting of the Los Angeles Harbor Commissioners. The public may comment on the budget before the board’s June 22 meeting, when the commissioners will consider approving it.
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