THE AIRPORT IMPROVEMENT PROGRAM
This workshop presentation addresses federal aid to help finance airport improvements that are significant to national transportation. This aid is provided through the Airport Improvement Program (AIP). The current AIP is the latest in a series of federal programs that dates back over 50 years. AIP is financed by monies drawn from a trust fund supported by various user fees, including taxes on passenger tickets, freight waybills, and general aviation fuel. In recent years AIP funding has shown decreases due to budget concerns and policy considerations. The AIP appropriation for FY 1995 is set at $1.45 billion, down from a high of $1.9 billion in 1992. It appears likely that the AIP funding for FY 1996 will be close to the FY 1995 level. The busiest airports should be able to compensate by developing other sources of funds, including passenger facility charges (PFCs). Medium- and low-activity airports will feel the decrease more sharply because they have few alternative sources of funds. The Federal Aviation Administration will work with Congress and the Administration to ensure that both the level and distribution of AIP funds is adequate to meet high-priority needs and to accommodate the continued growth of air transportation. The national airport system has been carefully nurtured for decades by a partnership of local, state, and federal government agencies, and there is every reason to expect this cooperation will continue to be effective in the future.
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Washington, DC United States 20001
- TAYLOR, D
- Future Aviation Activities: Ninth International Workshop
- Location: National Academy of Sciences, Washington, D.C.
- Date: 1995-9-18 to 1995-9-20
- Publication Date: 1996-2
- Media Type: Digital/other
- Pagination: p. 32-34
- Transportation Research Circular
- Issue Number: 454
- Publisher: Transportation Research Board
- ISSN: 0097-8515
- TRT Terms: Airports; Alternatives analysis; Appropriations; Federal aid; Finance; Financing; Improvements
- Uncontrolled Terms: Airport improvement program; Financial sources; Passenger facility charges
- Subject Areas: Aviation; Finance; Highways; Planning and Forecasting; Terminals and Facilities;
- Accession Number: 00721440
- Record Type: Publication
- Files: TRIS, TRB
- Created Date: May 13 1996 12:00AM