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Airport Funding: Changes in Aviation Activity Are Reflected in Reduced Capabity Concerns: Congressional Testimony
Gerald L. Dillingham (au)
Statement of Gerald L. Dillingham, Dir., Physical Infrastructure Issues, GAO. U.S. airports are key contributors to the national and regional economies. Since 2007, when GAO last reported on airport funding, airports of all sizes have experienced significant changes in aviation activity. Financing for airport capital improvements is based on a mix of federal Airport Improvement Program (AIP) grants, federally authorized but statutorily-capped Passenger Facility Charges (PFCs), and locally generated aviation-related and non-aviation-related revenues. This testimony discusses trends in (1) aviation activity at airports since 2007; (2) forecasted airport capacity needs and airportsäó» planned development costs; and (3) financing for airport development. Figures and tables. This is a print on demand report.
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