A new $494.2 million budget for Fiscal Year 2019 goes into place this week at the Port of Oakland. Port Commissioners last week approved the spending plan that includes $34.7 million for capital projects.
The budget finances operations at the Port’s three businesses: Aviation, Commercial Real Estate and Maritime. In addition to its container seaport, the Port manages Oakland International Airport and the Jack London Square entertainment district.
The Port said it would seek Commissioners’ approval for up to $92 million in additional capital funding this year.