A series of capital projects and land purchases during the next fiscal year will more than double Burbank Airport's current budget, while operational and maintenance expenses should remain fairly static, according to a proposed financial blueprint unveiled Monday.
For the new fiscal year beginning July 1, the Burbank-Glendale-Pasadena Airport Authority plans a number of expenditures that will push the budget past $56.4 million, more than twice the current $24.6-million budget. The expenses include expanding baggage-claim and parking-lot capacity, as well as buying adjacent land to help with noise mitigation and safety regulation.
Airport spokesman Victor Gill said the projects will be paid for by $15 million in federal grants, $14 million in a bond issue the authority hopes to float later this year and $3 million through a facilities surcharge that will add $3 to each passenger's round-trip ticket.
Although officials still expect to construct a new 670,000-square-foot terminal over the next decade, the improvements planned for the coming year are mainly devoted to refurbishing the current buildings, Gill said.