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Seeing Red (Ink) at Bradley
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Business New Haven
3/4/2002
By: BNH
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WINDSOR LOCKS - State Department of Transportation officials are projecting a $1.6 million deficit this year for Bradley International Airport. The DOT's bureau of finance and administration reported last month that current revenue estimates for the fiscal year ending June 30 are $41.2 million, down ten percent from estimates made in July. At the same time, additional security costs have raised projected expenses nearly 16 percent, from almost $37 million to $42.8 million. If revenue stream does not improve, that would mean a deficit of $1.6 million at the end of the budget year on June 30.
The airport's operating budget began the year with $10.6 million in reserve, so the airport could absorb a one-year loss without compromising capital projects or its ability to address security and other operational needs.
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