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Title: THE AIRPORT IMPROVEMENT PROGRAM
Accession Number: 00721440
Record Type: Component
Availability: Find a library where document is available Abstract: 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.
Supplemental Notes: Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: TAYLOR, DPagination: p. 32-34
Publication Date: 1996-2
Serial: Conference:
Future Aviation Activities: Ninth International Workshop
Location:
National Academy of Sciences, Washington, D.C. Media Type: Digital/other
TRT Terms: Uncontrolled Terms: Subject Areas: Aviation; Finance; Highways; Planning and Forecasting; Terminals and Facilities
Files: TRIS, TRB
Created Date: May 13 1996 12:00AM
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