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Airline Biz Blog
White House proposes $1.1 billion cut in airport funding
The proposed White House budget for FY 2012, issued today, would slash airport grants by $1.1 billion. The cut targets the country's largest hubs, such as D/FW, by eliminating guaranteed funding for large and medium size airports.
The White House says large airports can access other sources of funding, such as bonds, airport landing fees, and parking revenues, to finance their improvements. Federal airport grants would be focused on smaller commercial and general-aviation airports that largely rely on government funding for improvements.
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