The Board of Harbor Commissioners on Monday, June 28 approved a $716 million budget for the Port of Long Beach that continues to invest aggressively on environmental and capital improvement projects while keeping operating costs in check.
The fiscal year 2011 budget represents a 19 percent reduction from the previous year. It includes $474 million for development projects that will support about 4,000 regional jobs during the fiscal year, which begins October 1. Another $71 million is earmarked for environmental programs such as the development of clean air technologies.
The budget now will go to the Long Beach Mayor and City Council for review.