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AUS reports modest recovery in August enplanements; $9.5M reserve transfer earmarked for capital projects
Summary
Austin Aviation staff reported a 3.2% year‑over‑year increase in August enplanements and explained a $9.5 million transfer from the debt service reserve into capital funding; commissioners asked for slide and variance clarifications and were told the transfer should appear as a positive variance.
Rajeev Thomas, chief financial officer for the aviation department, told the commission that August showed “a 3.2% growth year over year for August,” a welcome reversal from earlier monthly declines. He said month‑over‑month revenues were up about 10% driven by airline and non‑airline receipts but that year‑to‑date the airport remained about 3% below the prior year.
Thomas explained a…
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