The Los Angeles Board of Harbor Commissioners in early June approved a $2 billion budget for fiscal year 2023-2024 for the Port of Los Angeles, a plan that anticipates modest gains in revenue despite last year’s cargo volume declines and an increased investment in capital projects. The port expects a 5.1% jump year over year to 8.9 million TEUs in FY 2023-2024. “This plan lays out a path forward that strategically balances anticipated cargo revenues with important port priorities,” Commission Vice President Edward Renwick said June 7. The budget also includes $652.9 million in total operating revenues, an 8.6% jump…