Overview The Port of Olympia issues bonds from time to time as approved by the Port Commission.
Investments Funded by Your Tax Dollars
The Port uses General Obligation Bonds to finance many of its capital projects. It pays the bonds off with a combination of operating income and property tax dollars. The schedule below details the outstanding principal balances of the Port's bond debt as of June 30, 2015. The schedule also lists capital projects by business unit that have been financed in whole or in part by bonds from the 2005 bond debt series through 2013, which is the most recent issue.
2013 Bond Issue
The Port proposed a 2013 bond issue in its 2013 budget document. On July 22, 2013, the Port Commission approved a General Obligation Bond issue. Subsequently, Port staff issued $16.7 million at 3.7%.