Virginia Port Authority [407]
Secretarial Area: Transportation
Operating Budget Summary
This table shows the Governor's proposed budget for the next two years and the agency's official budget for the previous six years.
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Biennium Fiscal Year Source GF NGF Total
2008-2010 2009 Chapter 872, 2010 Acts of Assembly $950,000 $75,008,773 $75,958,773
2008-2010 2010 Chapter 872, 2010 Acts of Assembly $356,745 $86,523,897 $86,880,642
2010-2012 2011 Chapter 2, 2012 Acts of Assembly $950,000 $86,584,122 $87,534,122
2010-2012 2012 Chapter 2, 2012 Acts of Assembly $950,000 $135,234,122 $136,184,122
2012-2014 2013 Chapter 1, 2014 Acts of Assembly $950,000 $142,042,956 $142,992,956
2012-2014 2014 Chapter 1, 2014 Acts of Assembly $1,950,000 $145,242,956 $147,192,956
2014-2016 2015 Chapter 3, 2014 Acts of Assembly $950,193 $167,090,761 $168,040,954
2014-2016 2015 Base Budget $1,950,000 $145,242,956 $147,192,956
2014-2016 2015 Governor's Amendments $500,193 $18,747,805 $19,247,998
2014-2016 2015 General Assembly Adjustments ($1,500,000) $3,100,000 $1,600,000
2014-2016 2016 Chapter 3, 2014 Acts of Assembly $950,227 $168,840,809 $169,791,036
2014-2016 2016 Base Budget $1,950,000 $145,242,956 $147,192,956
2014-2016 2016 Governor's Amendments $7,500,227 $20,497,853 $27,998,080
2014-2016 2016 General Assembly Adjustments ($8,500,000) $3,100,000 ($5,400,000)
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2008-2010 2009 Chapter 872, 2010 Acts of Assembly 0.00 146.00 146.00
2008-2010 2010 Chapter 872, 2010 Acts of Assembly 0.00 146.00 146.00
2010-2012 2011 Chapter 2, 2012 Acts of Assembly 0.00 146.00 146.00
2010-2012 2012 Chapter 2, 2012 Acts of Assembly 0.00 146.00 146.00
2012-2014 2013 Chapter 1, 2014 Acts of Assembly 0.00 146.00 146.00
2012-2014 2014 Chapter 1, 2014 Acts of Assembly 0.00 146.00 146.00
2014-2016 2015 Chapter 3, 2014 Acts of Assembly 0.00 146.00 146.00
2014-2016 2015 Base Budget 0.00 146.00 146.00
2014-2016 2015 Governor's Amendments 0.00 0.00 0.00
2014-2016 2015 General Assembly Adjustments 0.00 0.00 0.00
2014-2016 2016 Chapter 3, 2014 Acts of Assembly 0.00 146.00 146.00
2014-2016 2016 Base Budget 0.00 146.00 146.00
2014-2016 2016 Governor's Amendments 0.00 0.00 0.00
2014-2016 2016 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Update existing debt service requirements Decision Package
  Increases nongeneral fund appropriation to reflect debt service on existing bond issues.
 
  FY FY
Nongeneral Fund $11,733,579 $10,031,100
•
Adjust appropriation for increase in APM terminal rent Decision Package
  Increases nongeneral fund appropriation to address an increase in APM terminal rent. This adjustment is partially due to the expected increase in container volumes. Additional appropriation is required to meet contractual requirements.
 
  FY FY
Nongeneral Fund $6,175,000 $9,500,000
•
Provide funds for Norfolk Harbor and Elizabeth River channel dredging Decision Package
  Funds the costs associated with the dredging of Norfolk Harbor and dredging the Elizabeth River channel to 45 feet.
 
  FY FY
General Fund $0 $6,500,000
•
Increase appropriation for operational maintenance Decision Package
  Provides additional nongeneral fund appropriation to enhance the cargo handling capability of the Port of Virginia to keep pace with container increase demands.
 
  FY FY
Nongeneral Fund $750,000 $750,000
•
Increase general fund support for Zone grants Decision Package
  Provides additional support to the Port of Virginia Economic and Infrastructure Development Zone Grant Fund, disbursed as grants to qualified companies locating or expanding facilities within the Port of Virginia Economic and Infrastructure Development Zone.
 
  FY FY
General Fund $500,000 $1,000,000
•
Adjust appropriation for Payment in Lieu of Taxes Decision Package
  Provides nongeneral fund appropriation to address a five percent increase in Payment in Lieu of Taxes (PILOT) assessments.
 
  FY FY
Nongeneral Fund $75,000 $200,000
•
Adjust agency appropriation for the cost of Performance Budgeting system charges Decision Package
  Provides appropriation to pay for the agency's share of ongoing Performance Budgeting system operating and maintenance costs. The general fund share of this cost was previously budgeted in Central Appropriations.
 
  FY FY
General Fund $193 $193
Nongeneral Fund $14,369 $14,369
•
Fund agency costs for the new Cardinal accounting system Decision Package
  Provides appropriation to the agency's budget to pay for the agency's share of the costs for the new Cardinal accounting system. The Department of Accounts allocates the yearly cost of the system to agencies based upon the number of transactions the agency completed in the previous fiscal year.
 
  FY FY
General Fund $0 $34
Nongeneral Fund $0 $2,520
•
Adjust funding to agencies for information technology and telecommunication charges Decision Package
  Adjusts the agency budget for information technology and telecommunication charges based on the required cost of living adjustments contained in the Northrop Grumman contract and the elimination of the debt recovery surcharge originally approved by the Joint Legislative Audit and Review Commission on July 12, 2010.
 
  FY FY
Nongeneral Fund ($143) ($136)
•
Funding for Norfolk Harbor and Southern Branch Channel dredging General Assembly Adjustment
  Removes general fund funding and provides nongeneral fund funding for advancing the planning and preliminary engineering of deepening the Norfolk Harbor and Southern Branch channels. The introduced budget provided $6.5 million general fund for this activity.
 
  FY FY
General Fund $0 ($6,500,000)
Nongeneral Fund $3,100,000 $3,100,000
•
Amend proposed Port Economic Development Zone Grants Funding General Assembly Adjustment
  This amendment funds the proposed $1.5 million in the first year and $2.0 million in the second year for the Port Economic Development Zone Grants from the Economic Development Incentives Account, specifically from the amounts in the Governor's Development Opportunity Fund
 
  FY FY
General Fund ($1,500,000) ($2,000,000)
Capital Project Requests (in order of largest to smallest)
•
CIMT - Road and Rail Right of Way
  Funds aquisition of initial right of way and land to develop Craney Island Road and Rail Connector. This project will provide direct interstate quality access to and from Craney Island Marine Terminal for truck traffic, as well as a double track rail lead connecting to the rail corridor in the Western Freeway (VA-164) median.
 
  FY FY
Nongeneral Fund $0 $60,000,000
•
Procure APMT Equipment
  Procures rail mounted gantry cranes and translifters required for increased container volumes. This equipment will be purchased through the Master Lease Equipment Program with debt service financed by terminal revenues.
 
  FY FY
Nongeneral Fund $37,000,000 $0
•
I-564 resulting gate and yard improvements
  Funds the removal of the former Exxon rail yard and expands north Norfolk International Terminal's (NIT) container yard by approximately 11 acres, to support an additional 794 grounded container slots for straddle carrier operations. This project also supports expanding the north transfer zone by six stalls up to a total of 46 stalls. In addition, this project constructs a truck gate for interchanging containers entering and exiting via NIT’s north gate.
 
  FY FY
Nongeneral Fund $30,000,000 $0
•
Eliminate previously approved capital project
  None
 
  FY FY
Nongeneral Fund $0 ($60,000,000)
•
Eliminate previously approved capital project (Gate and yard improvements)
  None
 
  FY FY
Nongeneral Fund ($30,000,000) $0


p3_bullets - Official Enacted Budget - 06-07-2025 03:55:50