Since 1969, the Memphis-Shelby County Airport Authority has been charged with generating and managing its own revenue and providing for its long-term financial viability. The Authority is a self-financing entity and uses no local tax dollars.
To generate needed revenue, the Authority collects fees, rents and other charges from users such as airlines, car rental companies and concessionaires. To ensure its financial viability, the Authority develops long-term lease agreements with the airport’s major airlines.
For capital improvement projects, the Authority participates in the FAA’s federal grant program (Airport Improvement Plan) which receives its funding from aviation generated user fees, primarily derived from taxes on airline tickets and fees on freight waybills. Air carriers also agree to pay the debt service on bonds issued by the Authority to raise money for major improvement and expansion projects. In exchange, the airlines can provide input on major capital improvement program decisions.
The Authority’s financial management and its philosophy of predictability, flexibility and sustainability, provides the Mid-South with one of the country’s most progressive and fiscally sound airports.
For more information about making a public records request, please visit www.flymemphis.com/publicrecords.