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Port of Allyn plans public hearings for budget

The Port of Allyn has a busy month ahead.

Port of Allyn Executive Director Lary Coppola warned at the port’s Oct. 3 meeting that while revenues are performing as expected “for this time of year, and in this economy,” the port’s expenses have exceeded its budget “in several instances,” notably what they’ve paid in legal fees, “so money is tight and cash flow somewhat problematic.”

The same meeting saw port commissioners approve a loan, with interest, from the port’s water fund to its general fund, while Coppola reported working with the port’s bank to secure a line of credit.

“Once we get throu...

 

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