The Port of Vancouver’s elected commissioners unanimously approved a resolution Tuesday that provides commissioners salary increases tied to the port’s financial performance.
Currently, a port commissioner receives a salary of $635 per month — or $7,620 annually — which is adjusted for inflation every five years. Under the new policy, those salaries would rise further based on increases in the port’s operating revenue. If, for example, the port reaches revenue of $35 million to $50 million, commissioners could receive $800 per month, or $9,600 annually. If revenue hit the $50 million to $70 million range, pay would increase to $1,000 per month, or $12,000 annually, and so on. Conversely, dropping revenue would reduce pay.
The port anticipates operating revenue of $34.08 million for 2014, so a pay raise would not kick in yet under the proposed change.