The proposed budget for the 2006-07 fiscal year, which begins Oct. 1, increases spending by $63 million, or 15 percent, from the current budget. Port environmental programs will receive about $90 million of the budget, while $35 million will be allocated to enhance security. An additional $20 million is set aside for clean-truck replacement programs, part of a $181 million, five-year commitment by the port.
Operating revenues, mostly from the port's terminal leases, are expected to increase by 5 percent over the previous fiscal year, to $375.3 million, primarily because of increases in container cargo trade. Operating expenditures for 2007 are expected to increase by 39 percent to $269.7 million. The capital project budget is $205 million, a 6 percent decrease from last year.
In other Port of Long Beach news, harbor commissioners decided Monday to extend by a month the public review period for a sweeping joint clean air action plan between the ports of Long Beach and Los Angeles. The plan includes hundreds of millions of dollars to clean sources of diesel emissions in the ports. The new deadline is Aug. 28.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now