Port of Stockton officials approved Monday a conservative budget for the fiscal year that began this month, projecting net income of $13.5 million on revenues of $52.9 million, up slightly from what is thought to be net income of $13.2 million on $51.4 million in revenue for the year past.
Michelle Bowling, port controller, said the agency anticipates $17.4 million in capital improvement projects for 2016-17, down from $24.3 million in capital outlays for the past fiscal year.
This coming year’s projects include the widening of Navy Drive, related to the Crosstown Freeway extension, as well as a new Navy Drive bridge, port dredging operations, utility improvements and security upgrades.