PORT OF SEATTLE 
MEMORANDUM 

COMMISSION AGENDA  STAFF
BRIEFING                              Item No.            7c 
Date of Meeting     October 12, 2010 


DATE:      October 4, 2010 
TO:         Tay Yoshitani, Chief Executive Officer 
FROM:     Dan Thomas, Chief Financial and Administrative Officer 
Elizabeth Morrison, Sr. Manager, Corporate Finance 
SUBJECT:   Briefing on the Port's tax levy for the 2011 budget. 

SUMMARY:
As part of the annual budget, the Commission establishes the amount of property tax levied
within the Port's jurisdiction. To assist in this process, staff provides a briefing on the Port's tax
levy. The purpose of this presentation is to provide background for discussion by the
Commission and to solicit guidance from the Commission on the levy amount to be established
as part of the 2011 budget and the future amounts to be included in financial forecasting over the
2011-2015 period. This guidance will be the basis on the levy assumptions presented in the
Preliminary Budget document. The actual 2011 tax levy will be established by the final budget
vote. 

ATTACHMENTS: 
Tax Levy Powerpoint presentation (to be provided later)