2021 Budget Guiding Principles

Budget Principles for June 4 budget retreatdraft from Mike Merritt 
May 29, 2020 

Maintain solvency 
Prioritize spending on investments with long-term, sustainable community and
economic benefits 
Prioritize programs and projects that generate revenue 
Commitment to continuity of POS workforce; prioritize furloughs, leave without pay, pay
and hiring freezes over layoffs. 
Maintain a long-term strategic view of capital improvements 
Focus investments in achieving excellence in aviation and maritime gateways 
Continue to assess short- and long-term effects of COVID-19 on Port industries and
markets 
Continued commitment to equity and diversity 
Continued commitment to environment and sustainability, prioritizing spending on
mitigating direct Port impacts for 2020-21

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