GALVESTON

The Port of Galveston expects to generate more than $50 million in revenue in 2020, a new high mark that shows port leaders don’t expect growth to slow.

John Wayne Ferguson: 409-683-5226; john.ferguson@galvnews.com or on Twitter @johnwferguson.

Increasing Revenues and Expenses at the Port

The Port of Galveston approved a $54.6 million budget on Tuesday. It's a more than $6 million increase from the port's 2019 budget, and is based on projected revenue increases increased cruise business.

 2019 Budget 2020 Budget Percent Change
Operating Revenues $47,768,780 $54,576,820 14.25%
Operating Expenses $40,023,174 $42,792,643 6.92%

Locations

Recommended for you

(1) comment

Charlotte O'rourke

I would say I’m disappointed, but this was predictable and par for the course. Record EXPENSES with those record revenues.

Predictable because its other people’s money. For once, I would like expenses to be held or cut so the debt would be less.

As an eternal optimist I’m still waiting for that magic port board and management team that makes it so.

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Thank you for Reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.