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Small Airport Funding Stability: Relief from Passenger Decline Rules.

This law aims to stabilize federal funding for small regional airports during fiscal years 2024 through 2026. It allows airports that experienced passenger drops (e.g., due to the pandemic) to calculate federal grants based on their highest passenger numbers from 2019, 2020, or 2021. This measure helps local airports maintain infrastructure and connectivity, supporting regional travel.
Key points
Small airports will receive higher federal grants for 2024-2026, even if their current passenger traffic is low.
Funding will be calculated using the highest passenger count from 2019, 2020, or 2021, provided the airport had at least 10,000 boardings in 2019.
This change ensures the continued operation and safety of smaller airfields crucial for local communities and regional economies.
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Additional Information
Print number: 118_S_1046
Sponsor: Sen. Barrasso, John [R-WY]
Process start date: 2023-03-29