Photo by Mike Siegel / The Seattle Times - Used by permission
Contractual Delivery Date – Sept. 25th…Boeing Everett Delivery Celebration – Sept. 26th…Everett city officials “happy dance” from 1st 787 B&O Tax Check – Sometime in the 4th quarter of 2011.
Boeing plans on having a big celebration on Monday September 26th to celebrate the official delivery of its first 787 Dreamliner to All Nippon Airways (ANA). The contractual delivery will actually happen on Sunday September 25th. On Tuesday September 27th the plane will leave Everett’s Paine Field and fly to Japan for their arrival ceremony on September 28th. ANA placed the first order for the new generation jetliner back in April of 2004.
Today, the long-delayed 787 received its official approval to carry passengers from the FAA during a ceremony at Everett’s Boeing plant. Reporter Dominic Gates wrote a great piece this morning in The Seattle Times on today’s events and what the 787 program faces going forward.
The City of Everett meanwhile has faced re-calculating its budget, reporting shortages of as much as 2 million dollars, due to counting on B&O tax revenues that never materialized because of delayed deliveries. Everett only collects on the Business and Occupation tax once an Everett built Boeing airplane has officially been delivered. The city receives a check quarterly from Boeing but won’t reveal how much it gets from each airplane. Chief Financial Officer Debra Bryant did tell me that with Boeing continuing to hire at a rapid pace and all of the associated growth that comes with that, the city is gaining lots of revenue in areas other than the B&O tax.
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August 26, 2011
Everett Economy, Everett Jobs