Port Of Long Beach’s $650 Million Harbor Department Spending Plan Approved

Port of long beach - 2021-fiscal-year-budget

The Long Beach City Council recently approved a $650 million budget for the Harbor Department that includes a transfer of about $19 million to the City’s Tidelands Operating Fund, which supports quality-of-life projects along Long Beach’s 7-mile coastline.

The budget for fiscal year 2021, which begins Oct. 1, is 4% lower than last year’s budget. Operating revenue is projected to be down 5% due to uncertain global conditions.

“Even with cargo impacts from the pandemic and trade war, the Port is...

https://www.marineinsight.com/shipping-news/port-of-long-beachs-650-million-harbor-department-spending-plan-approved/

Leave a Comment