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The city created a legally separate port authority. Members of the board of the port authority are elected in general city elections. The port authority receives no tax dollars; it is supported entirely by user fees. The port authority determines its budget, sets user fees, and has the power to issue bonded debt. In what manner would the port authority be included in the city's basic financial statements?
After-taxes
Refers to income or financial figures that remain following the deduction of all applicable taxes, often used to assess the true net gain or financial status of an individual or entity.
After-tax Value
The net value of an investment after all taxes have been subtracted.
Retirement Plan
A financial strategy designed to provide individuals with income upon retirement, often involving savings, investments, and other benefits.
Tax Level
The rate at which income, corporate profits, or other assets are taxed by the government.
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