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Aeronautics Commission seeks $100M recurring for airports and warns SB 436 could cut agency revenue
Summary
Director Siegfried of the South Carolina Aeronautics Commission asked the Senate subcommittee for recurring capital funding of $100 million to support statewide airport development and warned that proposed changes to airline property tax (Senate Bill 436/House Bill 5310) could reduce agency revenue by roughly 42 percent based on prior estimates.
Director Siegfried, director of the South Carolina Aeronautics Commission, presented the agency’s fiscal and policy priorities to the Senate Finance transportation subcommittee on May 20 and sought a large, recurring capital appropriation to support airports statewide.
Siegfried outlined two priorities: a $100 million recurring capital-investment program for statewide airport development and a smaller recurring general-fund increase for agency operations and personnel. "Priority 1, capital investing for statewide airport system, a hundred million dollars recurring funding for state wide airport development," he told the committee, saying…
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