It shall be the duty of the Authority (the Port of Virginia), on behalf of the Commonwealth, to foster and stimulate the commerce of the ports of the Commonwealth and related facilities by serving as the United States Eastern Seaboard gateway for the global import and export of freight throughout the world, to promote the shipment of freight through the maritime and inland ports, to seek to secure necessary improvements of navigable tidal waters within the Commonwealth, and in general to perform any act or function that may be useful in developing, improving, or increasing the commerce, both foreign and domestic, ofall maritime and inland ports of the Commonwealth and related facilities.
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. more...
More historical data is available for this agency on DPB's website under the
Virginia's Budget page. If you click on the Budget Round Description links under any of the "DPB Appropriation Database" tables and open the filter you can select various fields to get greater detail and you can select the official chapter data going back for several decades. The "Caboose" chapters are the final biennial budget approved by the General Assembly and signed into Law.
Check it out here
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
Governor's Proposed Budget
$2,450,193
$163,990,761
$166,440,954
Base Budget
$1,950,000
$145,242,956
$147,192,956
Addenda (Changes to the Base)
$500,193
$18,747,805
$19,247,998
2014-2016
2016
Governor's Proposed Budget
$9,450,227
$165,740,809
$175,191,036
Base Budget
$1,950,000
$145,242,956
$147,192,956
Addenda (Changes to the Base)
$7,500,227
$20,497,853
$27,998,080
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
Proposed Positions
0.00
146.00
146.00
Base Budget
0.00
146.00
146.00
Addenda (Changes to the Base)
0.00
0.00
0.00
2012-2014
2016
Proposed Positions
0.00
146.00
146.00
Base Budget
0.00
146.00
146.00
Addenda (Changes to the Base)
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 2015
FY 2016
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 2015
FY 2016
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 2015
FY 2016
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 2015
FY 2016
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 2015
FY 2016
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 2015
FY 2016
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 2015
FY 2016
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 2015
FY 2016
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 2015
FY 2016
Nongeneral Fund
($143)
($136)
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 2015
FY 2016
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 2015
FY 2016
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.
