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Portland fish exchange to join Fish Pier Authority; officials say merger will save annual audit costs
Summary
Board members described an administrative merger that will align the Fish Exchange with the Fish Pier Authority under a single tax ID and fiscal year, which city finance staff say should eliminate the exchange's separate audit and save roughly $28,000–$30,000 annually.
The Portland Fish Pier Authority on the recorded meeting discussed merging the Portland Fish Exchange into the Fish Pier Authority and aligning budgets and reporting, a change city finance staff say will reduce duplication and save money.
Board member Bill told the meeting that city finance and legal staff had been working through how to structure a combined budget after the dissolution of the exchange as a separate corporate entity. The exchange has historically operated under its own tax identification number; the merger will issue a…
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