Port Houston Fiscal Year 2023 Budget Approved

Member Updates,

Projecting growth, stable performance in a changing environment

The Port Commission of the Port of Houston Authority met on Friday, November 18, and conducted its annual Budget Workshop. It approved the proposed 2023 operating budget and capital plan, which will guide staff in the operation and management of Port Houston facilities and activities for the Fiscal Year 2023.

The approved 2023 Capital plans comprehend an Operating Capital Improvement Projects budget of $579 million and $99 million for Project 11 – the expansion of the Houston Ship Channel. Capital plans continue for accelerated container capacity additions to provide efficient growth opportunities for Port Houston's customers.

The Port Commission approved tariff rate changes effective January 2023 which align fees with escalating operating costs and support infrastructure investment to keep Port Houston terminals competitive.

The Port Commission will meet next on December 6.

The Port Houston 2023 Budget Workshop Presentation can be accessed on the Financial Transparency webpage here.