PORT OF SEATTLE 
MEMORANDUM 

COMMISSION AGENDA  STAFF
BRIEFING                    Item No.        7d 
Date of Meeting    October 26, 2010 


DATE:    October 14, 2010 
TO:      Tay Yoshitani, Chief Executive Officer 
FROM:    Dan Thomas, Chief Financial and Administrative Officer 
Elizabeth Morrison, Sr. Manager, Corporate Finance 
SUBJECT:  Tax levy Follow-up Briefing 

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 provided a briefing on the Port's tax
levy on October 12, 2010. In response to Commission request for additional information, staff
will provide a follow-up briefing. The purpose of these presentations 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)