Don’t expect a quick revival of the Port of Tacoma’s fortunes as the economy makes its fitful way out of the recession.
That’s the message port executives delivered in a purposefully conservative 5-year forecast presented to Port of Tacoma commissioners Thursday.
The port’s five-year draft budget forecast projects port revenues will grow from $102.5 million this year to just $119.5 million in 2015.
In arriving at the slowly growing budget forecast, port finance experts made several conservative assumptions. Those include no new container customer revenue, no grant revenues from 2013 through 2015, higher interest rate expenses, a staff head count increase of only six workers and targeted benefit cost reductions.