Posts Tagged ‘Watsonville Municipal Airport’

WATSONVILLE — Though in the red, Watsonville Municipal Airport finances are stable and improving, city officials say. An audit of city finances, commissioned by the Santa Cruz County Grand Jury and released in January, noted an ongoing deficit at the airport and criticized officials for not presenting a clearer picture of the problem.

 With the exception of 2008-09, the city-owned airport’s annual operations have been in the black for the past five years, according to Administrative Services Director Ezequiel Vega. But revenue has not been strong enough to close a long-standing multimillion-dollar deficit.