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TAA Board Approves 2013 Budget

 

TAA Board Approves 2013 Budget      

Tucson, Ariz. (Sept. 18, 2012)- The Tucson Airport Authority (TAA) Board of Directors today approved a $68.3 million operating and capital budget for Fiscal Year (FY) 2013, which begins Oct. 1, 2012.

This reflects an increase of $24.8 million in comparison to FY2012, due to an increase in the Capital Improvement Program, which fluctuates each year based on needs and availability of grant funding.

In recognition of the continuing effects of the weak economy and high fuel costs, operating expenses are budgeted to decrease by nearly 2 percent.

"In preparing this budget, TAA staff worked exceptionally hard to reduce expenses while ensuring safety, security and customer service are maintained," said President and CEO Bonnie Allin.

The budget also reflects a reduction in airlines' landing fees, from $1.32 to $1.31 per thousand pounds of landed weight.

"Keeping airlines' costs down encourages the lowest airline ticket prices possible for our customers," Allin said.

The FY2013 Capital Improvement Program totals $36.5 million and includes several projects at both TIA and Ryan Airfield. Of this total, $34.4 million is expected to be funded through federal and state grants.

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