The Los Angeles Board of Harbor Commissioners has approved a $3.4 billion annual budget for fiscal year 2026/27 for the Port of Los Angeles.  

The board said in a June 11 announcement that the adopted budget is based on predictions of steady, yet slightly lower cargo demand of 9.3 million container units, which is 7% less than the current forecast for financial year 2025/26. Continued volatility in global trade and uncertainty about trade policy are factors contributing to a more cautious cargo volume outlook for the coming year, the board said. 

The $3.4 billion budget represents a 25% increase, or $665 million, over the prior fiscal year, primarily due to a significant boost in the port’s capital improvement spending program — up 31% year-on-year. It also reflects subsidy increases in the port’s Clean Truck Fund Rate; cost-of-living increases across staff salary and benefits, as well as outside inflationary pressures.  

The budget plan includes anticipated total operating revenues of $826 million, a 26% increase. Shipping services will make up the bulk of expected operating revenues at 65%, while operating expenses are projected to be up by roughly 6% at $452 million, as spending on Clean Truck Fund Rate subsidies are projected to increase substantially over the next 12 months. 

For the coming year, capital improvement spending will be the highest in more than a decade, at $302 million. Projects will focus on container terminal modernization, enhancing public-access infrastructure and improving transportation in and out of the Port. Signature projects include the $154 million Avalon Pedestrian Bridge and Promenade Gateway project, which kicked off construction in March 2026. Construction is underway on the $74 million rail expansion at Berths 302-305 and $130 million SR 47/Vincent Thomas Bridge interchange reconfiguration.