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Business & Industry
Port of Orange Board of Commissioners
by Garrett Bryce
Wednesday, August 16, 2017

The Port of Orange Board of Commissioners on Monday voted unanimously to approve the proposed FY2018 Operating and Capital Budget.

The budget projects $2,482,700 in revenues, and $4,942,500 in total expenditures, including capital programs. Some projects may be deferred based on actual cost and revenues.

The budget is based on adoption of the port's effective tax rate of $0.00730 per $100 valuation, which would provide revenues equal to that of the past fiscal year, based on the value of existing properties. The tax rate for 2016 was $0.00765 per $100 valuation.

The tax rate will be considered for adoption at the board's meeting in September.

The board voted unanimously to approve a 3 percent across-the-board pay increase for port staff.

The board voted unanimously to approve a lease agreement with SMH Polymers for the lease of port property at the Border Street Complex, as discussed in closed session.

The board took no action resulting from any other items discussed in closed session.

All other action items were approved by unanimous vote. All members were present. Agenda

Remembering Jim Guidry Bay Area Houston Economic Partnership

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