so, i'm nate cruz, with the finance administration division. what you're looking at, it's a figure from the staff report. it's kind of a look back as well as a look forward of our core operating revenues. so this would include sort of the maritime fees as well as the real estate rents, but can see pre-pandemic we were, you know, a little bit above $120 million a year in revenue, about. with the onset of the pandemic, revenues took a steep dive. we think we're coming out of the bottom of it. the dotted lines represent sort of the look forward. the dotted blue line is the base case which is the underlying assumption in the budget that we're presenting to you today. and it largely follows the assumptions that the controller's office has around the return of tourism. that is that tourism spending returns to pre-pandemic levels in fiscal year 25-26. so it's sort of the slow march back. the four remaining fiscal years of the recovery. what is also included in that assumption and matches the controller assumption is that roughly 15% of office workers

our finance director nate cruz directed this to you before. it reflects the a.r.p.a. and how it will write our books for two years. it allows us to reinvest in programs cut due to covid. it shows the five-year recovery period expected and the growing $8 million short fall we still need to solve for by 2025 and beyond. this organization had enormous wins, but challenges remain. to the next slide, please. so, with that, i'm excited to jump in to the economic recovery goal and strategies. our goal is develop and implement strategies to address the economic impacts of the covid-19 pandemic and stabilize the port financial position during an expected five-year recovery period. and we will accomplish this with three objectives. tenant recovery. targeted activation, and enterprise economic recovery. to the next slide, please. our tenants. the port will work with tenant who struggle from covid-19, continue to struggle and we will attract new activities to ensure an economically vibrant water front. we are going to implement policies and programs that attract diverse communiti