Board approves budget, Charleston fee increases
COOS BAY, Ore. -- Rate increases at Charleston was the hot topic Thursday night, when the Port of Coos Bay board voted on the budget for the upcoming fiscal year.
The board approved the proposed budget, to the dismay of many in attendance.
Following public feedback earlier this month, the advisory committee reduced some of the proposed increases.
David Koch, the Port of Coos Bay CEO, explained what the reductions mean for the port. "It means we would have to curtail expenses and the planned investments we were going to make," Koch said. "It won't be a significant roll back on those things, but it will mean that we get less deferred maintenance and other projects knocked off the list this year."
The major adjustments include postponing proposed 'live aboard' rates and providing benefits for customers who pay on time.