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Mayors say they will help airport with financial strain

With the Texarkana Regional Airport’s finances flying low, the Twin Cities’ mayors have expressed interest in helping restore the airport’s bank account to a reasonable altitude.

Last week, the airport’s finance committee recommended that airport officials submit a $214,000 budget deficit for 2009, which the two cities could cost-share, instead of a $285,000 deficit initially forecast.

Based on the cost-share arrangement both cities worked out in 1956 when the municipalities became the airport’s joint owners, the arrangement calls for the cost-share to be based on each ...
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