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Port of Los Angeles projects $713 million revenue but warns tariffs cloud outlook
Summary
Harbor Department officials told the Budget Committee the Port projects $713 million in revenue and a capital plan of about $231 million for FY25‑26 but said new tariffs and uncertain trade policy could cut cargo volumes and revenue, and recommended prudent cost management.
City Budget Committee members heard a presentation from the Port of Los Angeles on the harbor department’s proposed fiscal year 2025–26 budget, which the department said would include $713,000,000 in revenue and a $231,000,000 capital improvement program.
Dina Arian Zaelin, deputy executive director for development at the Harbor Department, told the committee the department projected 9,200,000 TEUs (twenty‑foot equivalent units) for FY25‑26 and that container traffic drives roughly 60 percent of port revenue.…
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