Income, assets rising at Springfield airport

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SPRINGFIELD, Ill. (AP) -- An annual audit shows assets and income have risen at the airport serving the state capital.

 

Abraham Lincoln Capital Airport finished the year with more than $62 million in net assets. That's compared with $57 million in 2011.

 

Net income rose to $4.8 million from $2.5 million the previous year. The annual audit was released Thursday.

 

The airport said most of the jump in net income came from a $2 million increase in state and federal grants.

 

The airport also reported that property tax revenue rose 2 percent a year over the last decade. Auditors said the rate was somewhat below that of most government agencies in Sangamon County.

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