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Port Canaveral expects to exceed $100M budget milestone

Port Canaveral expects to exceed $100M budget milestone

WASHINGTON: Port Canaveral could reach a financial milestone in the coming budget year. Its projected annual revenue is expected to top $100 million for the first time ever in the budget year that begins Oct. 1.

The projected $100.03 million in revenue compares with the estimate of $95.85 million in revenue for the current budget year. Rodger Rees, the port’s deputy executive director and chief financial officer, made that projection during the first of two Port Canaveral budget hearings on Wednesday. The final budget hearing is Sept. 28.