GOAA Board Presented with Preliminary Budget, Proposed Fee Adjustments
Source: Orlando International Airport Financial issues were the focal point of the latest Greater Orlando Aviation Authority (GOAA) board meeting. The Board was presented with preliminary 2024‐2025 Fiscal Year budgets of $941,278,000 for Orlando International Airport (MCO) and $10,692,381 for Orlando Executive Airport (ORL). In the Aviation Authority’s continuing effort to align the budget with the goals of the Strategic Plan, along with providing an exceptional travel experience for airport customers, the proposed budget for MCO includes a 10.3% increase in Operating and Maintenance (O&M) expenses over the prior year budget. Significant drivers of this increase include: • Additional staffing • New innovation projects • Ground transportation services • Maintenance costs MCO’s proposed revenue for FY2025 represents an increase of [...]