Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee clears $13.7 million annual transfer from airport debt-service fund to revenue fund
Summary
The Transportation & Commerce Committee advanced a required annual transfer of $13.7 million from the airport debt service stabilization fund to the airport revenue fund to maintain debt service coverage and mitigate airline rate increases; the committee passed the measure with a due-pass recommendation.
The St. Louis City Transportation & Commerce Committee on Dec. 16 passed out of committee, with a due-pass recommendation, a routine annual transfer of $13,700,000 from the airport debt service stabilization fund to the airport revenue fund.
Antonio Strong, deputy director of finance administration for the airport, told the committee the transfer is required under the airport’s bond indenture and the airport use and lease…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
