Airport Funding Reduced In 2012 FAA Budget

By James Ott, Adrian Schofield

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 ...

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