NEWS Port Commission approves 2013 operating budget

The Port Commission of the Port of Houston Authority approved the Port Authority's 2013 operating budget at a special meeting on February 26. The budget reflects a trend of growth in operating revenue, net income and cash flow, allowing for continued reinvestment to maintain job creation and economic development for the region. With a forecat for three percent growth in container traffic and a 10 percent increase in auto cargo at the Port of Houston Authority for 2013, the Port Authority has budgeted $225.6 million for its 2013 operating revenue, $15.9 million for net operating income and $34 million for net income. The 2012 operating revenue forecast was $214.8 million. 


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