Rongagin71 said:
BQ78 said:
And where will those funds come from? Even Kylelites like me will be taxed for it.
A big international airport collects lots of taxes by itself.
Whether some of that tax should have gone to the city instead of paying for this mess up is the question.
The general fund income comes from parking fees, rental car fees, tenant leases, and gate leases. I don't know about Bergstrom, but I'm on the board of another Class C airport in Texas and none of it is funded through property, sales, or any other local taxes.
The FAA (mostly federal debt dollars mixed with a little bit of federal taxpayer dollars) funds 90% of most projects that pertain to passenger service with the remaining 10% coming from the airport. Most airports also collect a passenger facility charge (PFC) of $4.50 per departing airline ticket. PFC funds must be spent on passenger service related services or projects and PFC spending has to be approved by the FAA.
The FAA does not allow funds collected by the aiport to be given to the municipality if the airport recieves federal funding. The airport can pay the municipality for services such as fire, police, utilities, etc. City council is always looking for ways to squeeze money out of our local airport as it's probably one of two departments in the city that are self-funding.