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Seminole County adopts Port Authority FY2025–26 budget with planned rent increases and capital projects
Summary
The Seminole County Board approved the Seminole County Port Authority’s $6.84 million FY2025–26 budget on Aug. 26, 2025, citing rising rental rates, a $2.625 million capital program and an expected $250,000 surplus contribution to the county.
Andrew Van Veil, the Seminole County Port Authority administrator, presented the authority’s FY2025–26 budget to the Board on Aug. 26, saying the plan anticipates $6,836,223 in total spending and $3,006,651 in operational revenue — a projected 19% revenue increase tied largely to rental-rate adjustments and participation in local government investment pools.
Van Veil told commissioners that the port authority is in the second year of a rental-rate adjustment plan that will incrementally move tenants to market rates. He…
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