The Port of Los Angeles plans to take advantage of changes made to a tax aimed at maintaining harbor depths by using it to fund upgrades needed to accommodate the port’s growing cargo and cruise ship business.
Testifying Tuesday at a subcommittee of the House Transportation and Infrastructure Committee, Port of Los Angeles Executive Director Gene Seroka said that the historical defined uses of the Harbor Maintenance Trust Fund (HMTF) prevented the port from accessing those monies – even though...
https://www.freightwaves.com/news/port-of-los-angeles-outlines-spending-plans-for-new-tax-funds