At a work session Thursday night, City Finance Director Julie Liew said port revenue is expected to increase by more than 12 percent next year.
The Arctic is set to see its first large cruise ship this summer, but Nome and many other communities along its route may not be ready for a major disaster at sea.
The 2016 Port Tariff originally included a rate hike of 10%. After an outpouring of public comments, the City Council removed the rate hike from the tariff.
If the City Council passes the 2016 Port Tariff, users of Nome’s port will see their rates raised by 10 percent.
The Port of Nome only has $32,000 to keep itself afloat, and commissioners are concerned about an unexpected emergency.
The Port Commission’s rainy day fund is shrinking, while potential maintenance issues loom on the horizon.
The Nome Port Commission meets tonight for its regular meeting to address the third draft of the 2016 tariff and changes to hot work permits.
Nome’s Port Commission and City Council are focused on the future of the port, despite the state’s economic challenges.
Updating and streamlining the strategic plan for Nome’s port expansion was the theme of the hour-long work session that preceded last week’s Port Commission meeting.
Nome’s City Council heard of a $1 million budget surplus alongside claims the city was facilitating an alleged “fraudulent election” this coming Tuesday.