ACI-NA Welcomes New Municipal Finance Caucus

March 1, 2016

FOR IMMEDIATE RELEASE
March 1, 2016

 

WASHINGTON, DC – Airports Council International – North America (ACI-NA) President and CEO Kevin M. Burke today welcomed the formation of the Municipal Finance Caucus, a bipartisan caucus in the U.S. House of Representatives that will bring greater attention to state and local finance issues and protect the full tax-exempt status of municipal bonds.  The new caucus was announced by Representatives Randy Hultgren (R-IL) and Dutch Ruppersberger (D-MD).

“We applaud Representatives Hultgren and Ruppersberger for their leadership in creating the important Municipal Finance Caucus.  ACI-NA is the aviation community’s leader in protecting tax free municipal bonds. Because airports need continued access to low-cost municipal financing without additional tax burdens, we look forward to continuing our work to maintain tax-exempt status of municipal bonds and eliminate the Alternative Minimum Tax burden on Private Activity Bonds. We will continue educating members of Congress on the important role bonds play in financing airport improvements and encourage others to join this caucus.”

 

About ACI-NA

Airports Council International-North America (ACI-NA) represents local, regional, and state governing bodies that own and operate commercial airports in the United States and Canada. ACI-NA member airports enplane more than 95 percent of the domestic and virtually all the international airline passenger and cargo traffic in North America. Approximately 380 aviation-related businesses are also members of ACI-NA, providing goods and services to airports. Collectively, U.S. airports support more than 11.5 million jobs and account for $1.4 trillion in economic activity – or more than seven percent of the total U.S. GDP. Canadian airports support 405,000 jobs and contribute C$35 billion to Canada’s GDP. Learn more at www.airportscouncil.org.