by Sara M. Langston with the blog faculty Source: Aviation Week 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 previous two fiscal years. This came as a blow to airports-a consequence, according to airport officials, of eliminating funding for hub airports. The administration says large airports may qualify for higher PFCs if Congress authorizes them. The large airports may seek, on a competitive basis, funding from the $50 billion infrastructure package the administration dubbed "Roads, Railways and Runways." The AIP share of that stimulus-like package is $3.1 billion. However, this extra funding is a one-off intended to ease the transition to lower AIP levels. [Full story]
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