Background Information On Status of Airport And Airway Trust Fund Jcx-24-88

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100-223) ^/ In H.R. 4794, currently in conference.
-3- CBO Trust Fund Projections Table 2 below shows the Congressional Budget Office's estimates of Airport and Airway Trust Fund budget authority, outlays, and income, as well as the effects of the changes in these items on the Trust Fund balance. The estimates assume that the Trust Fund tax reduction trigger will go into effect on January 1, 1990. As a result, the Trust Fund cash balance declines at the end of fiscal years 1991, 1992 and 1993.
...The uncommitted Trust Fund balance declines in fiscal year 1990 and later years.
Table 2. — Airport and Airway Trust Fund Adjusted for CEO 1988 Baseline (August Update) Budget Authority, Outlays, Revenues and Interest Rates ( in millions) Fiscal Budget year authority 1988 $3,817 1989 3,920 1990 4,015 1991 4,211 1992 4,314 1993 4,495 End-of-year End-of-year Trust Fund uncommitted Outlays^ Income-* $3,955 balance balance $2,932 $10,958 $5,697 3,265 4,556 12,249 6,333 3,440 3,766 12,575 6,084 3,636 3,189 12,128 5,062 3,828 3,285 11,586 4,034 4,019 3,328 10,894 2,866 SOURCE: Congressional Budget Office ■'■ Budget authority includes obligational authority for the airport grants-in-aid program and appropriations for the airways facilities and equipment, and research and development programs.


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