Posted in Business

Major Port of Pensacola revenues dropped nearly 30 percent since FY 2012, expected to drop another 21 percent in FY 2018

   October 31, 2017

The Port of Pensacola’s four major revenue sources dropped nearly 30 percent from FY 2012 to FY 2016, according the city’s budget documents. The actual revenue figures for FY 2017 have not been posted by the city so we don’t know if the port made its revenue budget.

The three of the major revenue sources are a function of ship traffic at the port – Wharfage (-19.7%), Storage (-32.6%) and Dockage (-37.7%). The top revenue source is property rental fees, which dropped 24.7% from FY 2012-2016.

 FY Wharfage Storage Dockage Rentals Total
2012 398,441 194,977 799,392 805,132 2,197,942
2013  368,119 221,366 348,338 667,146  1,604,969
2014  393,965  232,946  635,847  409,048  1,671,806
2015  289,504  240,969  545,597  588,584  1,664,654
2016  319,874  131,406  498,016  606,510  1,555,806
Decrease -19.7% -32.6% -37.7% -24.7% -29.2%

 

The FY 2018 proposed budget estimates port revenues will dropped another 21.4 percent this next year. If the City meets that FY 2018 budget estimate, the port revenues will have fallen $803,000 since FY 2012. Yikes!

 

It’s difficult to understand why Mayor Hayward isn’t fighting to move the fish hatchery to the Port of Pensacola. The Florida Fish & Wildlife Commission could save $9 million on constructing a new building and instead pay rental fees to the port.

 

Share:

Rules for Comments

Your comments are welcomed, but there are some rules to follow:

(1) Be Nice. No comments that slander another, no racism, no sexism, no personal attacks.

(2) No Harrassing Comments.

(3) No Libel. That’s saying something is not true about someone. Don’t do it.

(4) Keep it clean. Nothing vulgar, obscene, or sexually related. No profanity or obvious substitutions.

(5) I reserve the right to remove any comments that violate our rules or are inappropriate. I am not responsible for what is posted. Comments may not appear right away until they are approved by a moderator.

(6) Limit your comments to the subject in this story only, and limit comments to 1,500 characters or less. Do not post copyrighted material. Comments will not be added to stories that are over five days old.

(7) No posts may advertise a commercial business, political candidate, or political group. Links in a comment aren’t allowed.

8) Commenting too many times may result in your comments not being allowed. Readers will begin to ignore your views.

9) Email me if you believe a comment violates any of these rules, and it will be deleted.