Nearly $300,000 in annual sales tax revenue from fuel sold at Chicago Executive Airport won’t be making its way back to airport owners Wheeling and Prospect Heights after this spring. Instead, that revenue must stay at the airport due to a 1987 regulation now being enforced by the FAA.
“We’re kind of anxious to see how this is going to play out,” said Chicago Executive Director Jamie Abbott. He said the self-sustaining airport is not sure exactly how much more revenue it would collect going forward, or what it could be spent on.
“It takes money away from the communities that own the airport, and that doesn’t sit well with us,” Abbott said of the FAA regulation.