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Committee approves $2.1M Capital City Airport hangars; jet‑fuel tax explained as restricted fund source
Summary
The committee approved two corporate hangars at Capital City Airport totaling $2,103,000, funded by federal funds and $950,000 in restricted aviation (jet fuel tax) funds; Department of Aviation staff explained the 6% jet fuel tax and a $1,000,000 per‑company cap.
The committee voted to approve a new Capital City Airport project to construct two medium corporate hangars at a total project cost of $2,103,000.
Kevin Cardwell, deputy state budget director, said approximately $1,000,001.53 of federal funding and $950,000 of restricted funds from the transportation aviation fund would finance the project.
Wayne Simpson, branch manager for the Department of Aviation’s engineering branch, explained the restricted funds come from a jet fuel tax (6% on the price of jet fuel) and described a statutory cap that limits each company’s contribution to $1,000,000 per year. Simpson said entitlement money and federal infrastructure allocations were also saved for this project.
Committee members asked for the current balance of the restricted fund; Simpson said he did not have the precise balance on hand but estimated it to be over $20,000,000 and suggested the Department of Revenue holds detailed company‑level data.
The committee moved and approved the project in a roll call vote.
