Aeronautics Commission requests $100 million recurring capital; warns proposed airline property tax change would cut revenue

Aeronautics Commission Director Siegfried told the Senate Finance Committee’s Transportation Regulatory Subcommittee the commission is seeking transformative recurring capital funding and an increase in operating support, and he urged careful study of a bill that would change airline property taxation.

Priority funding request: "Priority 1, capital investing for statewide airport system, a hundred million dollars recurring funding for statewide airport development," Siegfried said. He asked the subcommittee to consider recurring capital that airports could count on year over year to plan projects, and suggested the funding could enable new programs (hangar construction, fuel farm development) to help small airports become more self-sufficient.

Budget context and current grant activity: Siegfried told senators the commission set records last year for both grants…