The Los Angeles Harbor Commission adopted a 2012-13 fiscal year (FY) budget of approximately $954.1 million for the Port of Los Angeles -- a 2.3 percent or $22.5 million decrease from the current FY adopted budget -- effective July 1, 2012. The modest decline reflects conservative estimates of relatively flat operating revenues while the economy remains in recovery and controlled operating expenses aligned with the Port’s financial priorities adopted in its 2012-17 Strategic Plan.
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