Marana News published a story on Marana's third quarter financials on June 13.
As Marana finishes the third quarter of the current fiscal year, revenues continue to exceed expenditures, with few exceptions.
In the airport fund, expenses continue to exceed revenues; although the gap is shrinking. Town Manager Jamsheed Mehta said it’s rare for a general aviation airport, rather than commercial, to generate enough revenue to cover its expenses. Mehta added that the airport is estimated at bringing $18 million annually to the region in the form of jobs, local spending from visitors and money spent on luxury items such as high-end hotels and timeshare jets.
The airport is “generating wealth for the entire region,” Mehta said. “Don’t count it as a debt. Count it as an investment.”