Clallam County: PA Port may tap reserves to balance budget

PORT ANGELES — The Port of Port Angeles must increase its property tax rate 5 percent and use $99,153 of its reserves to balance its proposed fiscal 2002 operating budget.

The Port must also draw another $303,000 out of its reserves to fund planned capital improvements, according to Finance Director William James.

Port commissioners will consider the $5.4 million operating budget and $303,000 capital improvement budget at its 5:30 p.m. Nov. 26 meeting at the Port’s administrative office, 338 W. First St.

The rest of this story appears in today’s Peninsula Daily News. Click on “Subscribe” to get the PDN delivered to your home or office.

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