With full-page ads and a letter to the editor, E.B. "Ed" Galligan, executive director of the Port of Olympia, is trying to convince us of what a wonderful job they are doing and how lucky we are that our port taxes only go toward cleanup and infrastructure projects.
Allocating taxes exclusively to capital projects lets port operations off the hook from paying for their self-generated cleanup and infrastructure needs.
For instance, having the taxpayers pay for marine terminal cleanup means the marine terminal as a business entity does not have to pay its way. And, taxing the public to expand the marina means the marina does not have to pay its way.
The port has one budget: Taxes that pay for capital projects directly affect all port operations. The port needs to stop its misleading budget talk.
The port should adopt a policy that allocates capital costs to business operations and the port needs a strategic plan to end its $4.5 million a year tax subsidy.