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The Board of Commissioners of the Port of Portland, acting as the Port of Portland Budget Committee, will meet on Wednesday, August 12, 2020 at 9:30 a.m. during the regular Board meeting. Due to the COVID-19 pandemic, the Commission will meet virtually. The meeting will be streamed live on the Port’s website and YouTube channel.
At this meeting, a supplemental budget will be presented that provides for the issuance of up to $745 million in Portland International Airport Revenue Bonds, as well as additional capitalized interest and debt service reserves that were unforeseen at the time the budget was adopted in June 2020. These changes within the Airport Construction Fund and Airport Revenue Bond Fund result in a $328,520,000,000 increase in the Port’s total budget to $3,004,570,936. This supplemental budget has no effect on the Port’s 2020-21 tax levy.
Public comment on the budget will be taken. Any person may ask questions about, and comment on, the Port’s Supplemental Budget at that time. Public comments and questions can be submitted via email at firstname.lastname@example.org.
The supplemental budget will be included in the August 12, 2020 Meeting Agenda, available on the Port’s website on August 7 at https://www.portofportland.com/Commission.
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