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Sunday, October 25, 2020
Government Council Wrapup: DFW Airport budget passed

Council Wrapup: DFW Airport budget passed

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The Fort Worth city budget wasn’t the only one the city council approved Sept. 18. It also passed the Dallas Fort Worth International Airport’s Fiscal Year 2019 budget of just over $1 billion. The budget is an increase of $56.8 million, or 6 percent, from last year.

DFW Airport Chief Financial Officer Chris Poinsatte told the council that the airport expects a record 73.3 million passengers in the coming year, an increase of 6 percent and the largest increase in 15 years.

Poinsatte said that among non-airline revenue, there will be no increase in public parking rates. However, the airport still expects to raise about $175 million, an increase of about $10 million, because of the increased number of passengers.

Poinsatte said in tax sharing from the past year, Fort Worth received $6.2 million and Dallas $7.1 million.

“DFW really is an incredible part of what we do. It’s an incredible airport,” Mayor Betsy Price said. “Their growth, their focus on being green, the only carbon-neutral airport around, that is just amazing.”

The FY 2019 Budget must be submitted to the City Managers of Dallas and Fort Worth by mid-August approved of the two City Councils by the end of September.

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