The aviation taxes and fees associated with funding the Federal Aviation Administration's (FAA) operation and oversight of the federal aviation system will expire at the end of FY2OO7, as will most of the related federal aviation programs. These taxes and fees which are deposited in the airport and airways trust fund (aviation trust fund), pay for the majority of FAA's activities. The FAA and others have expressed concern that the current funding system is inadequate to meet future federal needs for upgrading, expanding, maintaining, and operating the existing federal air navigation system as part of the FAA's Next Generation Air Transportation System (NGATS). This view is disputed by some aviation industry (groups who believe that the existing trust fund based system is adequate for the foreseeable future). Many of these same groups would even argue that overall federal spending on certain federal aviation programs could be increased in new authorization legislation without a new funding system. There is also a third view, which suggests that the current financing system needs to be reexamined because it is potentially unreliable, e.g. events such as September 11 and recessions can have a major and unpredictable impact on annual tax and fee collections.
Aviation Finance: Federal Aviation Administration (FAA) Reauthorization and Related Issues
2007
35 pages
Report
No indication
English
Federal Aviation Administration
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