The State and Future of Airport Funding Essay examples
The first federal assistance given to airports or the air industry was the Works Progress Administration (WPA). In the 1930s, almost $150 …show more content…
Although the AIR21 left the overall structure of the AIP the same, the AIAR-21 did set several rules. The first is that legislation must not be considered that does not use the trust fund revenues for aviation. The second rule states that the budgets for the FAA’s Operations and Maintenance or Research, engineering and Development budgets can only be considered if the budget for the AIP and the Facilities and Equipment budgets are at their authorized levels. The second rule has not been enforced in recent years (Kirk, 2009).
The AIR-21 increased annual funding for airports by almost $10 billion (Young & Wells, 2011, p. 84). The formula for funding airports was changed to increase the amounts available. They also increased the PFC per passenger to $4, with a stipulation. This meant that large and medium hubs would return or not get 75% of their AIP funds and leave more funding for smaller airports (Kirk, 2009). The AIR-21 funding was meant to help large and small airports. The large and small airport funding was doubled and more funds were guaranteed for airport improvements (Young & Wells, 2011, p. 84). The Vision 100, passed in 2003, increased funding and made only small changes (Kirk, 2009).
Airport Improvement Plan
The Airport Improvement Program (AIP) is a program that provides federal grants for