Do port authorities receive government subsidy?
Some port authorities do receive subsidy, though many do not. Port authorities are able to receive an appropriation and expend public funds. Many port authorities are supported by fees or leases on port authority facilities. Ohio law permits port authorities to levy a property tax when voted in by the voters within the port authority’s jurisdiction. The Heath-Newark-Licking County Port Authority receives no taxpayer subsidy. It’s main sources of revenue are commercial leases and property sales. This fact distinguishes the Port Authority as Ohio’s largest self-supported port authority. RETURN TO TOP Q: Are port authorities exempt from taxes? A: Like other governmental entities, port authority net incomes and port authority property used for government functions are tax exempt. However, facilities leased for commercial purposes are fully taxable. The Heath-Newark-Licking County Port Authority has paid over $1.5 million in local property taxes since 1997. Combined, the tenants of the Cent
