Port of LA Adopts FY 2011-2012 Budget With 7.4% Increase
The Port of Los Angeles reports that the Los Angeles Harbor Commission has adopted a 2011-2012 fiscal year budget of approximately $976.6 million for the Port, a 7.4% or $67 million increase from the current FY adopted budget effective from…
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July 1, 2011. The growth reflects higher total receipts from both operations and grants activity which in turn allowed greater appropriations for both operations and capital projects in comparison to the current fiscal year budget. An overview and details of the FY 2011-2012 budget is available here.