12
Jul
The Oakland Board of Port Commissioners approved a 2023 fiscal year budget of $480 million at its June 23 meeting. The Port of Oakland said it anticipates a $35 million revenue increase in FY 2023, and that cargo volume at the seaport is expected to increase 2%. “Our economy has overcome the initial pandemic shock and our employees have done an excellent job containing expenses,” Port of Oakland Executive Director Danny Wan said. “However rising inflation and a threatened recession mean we have to remain vigilant.” “Port operations are supported by a strong and diverse local economy,” the port said…