PORT TOWNSEND — The Port of Port Townsend will hold a special meeting Monday to continue budget discussions and present a new format for the 2017 budget.

The meeting, taking place ahead of the port’s regular Wednesday meeting, will take place at 1 p.m. in the port commission building at 333 Benedict St.

Commissioners will be on their second reading and third draft of the 2017 budget.

This particular draft has been simplified with summaries of revenue and expenses across the entire organization, according to Sue Nelson, port executive assistant and public records officer.

“The reason they’re having this meeting is to present a new format for the budget,” said Nelson. “As far as I know, it’s been simplified into fewer pages.”

According to Monday’s agenda, port commissioners will consider ways to increase revenue, including raising fees, lease management, installing metering systems and increasing operational efficiency.

No decisions will be made until after public hearings, one of which will be Wednesday at 5:30 p.m. during the port commissioners’ regular meeting.

Currently, the 2017 budget is projecting an income of more than $1 million before depreciation.

The port is working to find a way to deal with a list of much-needed infrastructure updates — from a new runway for the Jefferson County International Airport to upgrading sea walls and bathrooms at the Port Townsend Boat Haven marina.

All in all, the port is looking at roughly $16 million in capital projects in the coming years.

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Jefferson County Editor/Reporter Cydney McFarland can be reached at 360-385-2335, ext. 55052, or at cmcfarland@ peninsuladailynews.com.