Airport Funding Reduced In Obama 2012 FAA Budget
15. february 2011 12:22 | AirportsAviation Week
The Obama administration’s $18.66 billion fiscal 2012 budget request for the FAA reduces guaranteed airport grant money by more than $1 billion and asks Congress to alleviate this by approving an increase in passenger facility charges (PFCs) for "large" airports.
The Airport Improvement Program (AIP) budget baseline is cut to $2.4 billion, compared with $3.5 billion in the previous two fiscal years. This came as a blow to airports—a consequence, according to airport officials, of eliminating funding for hub airports. The administration says large airports may qualify for higher PFCs if Congress authorizes them.
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