MDTA Annual Comprehensive Financial Report 2024

SOURCES OF REVENUE For the Year Ended June 30, 2024 (In Millions) Operating Revenues The MDTA’s operating revenues include revenues from tolls, administrative fees, concessions, intergovernmental, and other. Operating revenues increased by $40.4 million, or 4.7%, from 2023 to 2024. The increase in operating revenues was primarily due to a $36.2 million, or 83.4%, increase in toll administrative and other revenue primarily as a function of civil penalty collections. Toll revenue increased by $5.5 million, or 0.7%, mostly due to an increase in passenger vehicle (2-and 8-axle) and commercial vehicle (3- and 6-axle) revenue. Concession revenue increased by $0.2, million or 2.7%, while intergovernmental revenue declined by $1.4 million, or 2.4%, mostly due to lower federal interest subsidies on Build America Bonds outstanding. Toll Transactions and Revenue Comparison Toll transactions and toll revenue are generally correlated, but variations due to vehicle class and payment type may occur. The MDTA’s facilities experienced systemwide traffic volume growth of 1.5% in 2024. Transactions increased 6.0% for the I-95 Express Toll Lanes (ETL) and 6.8% for the Intercounty Connector (ICC), while legacy facilities (all facilities excluding the ICC and I-95 ETL) declined 0.3%. The systemwide increase in traffic included both the commercial- and passenger-vehicle classifications. Toll Revenue $761.2 84.4% Concession Revenue $6.5 0.7% Toll Administrative & Other Revenue $79.5 8.8% Intergovernmental Revenue $55.1 6.1% Increased traffic volumes resulted in full system toll revenue growth for the year of $5.5 million, or 0.7%. This includes an increase of $3.8 million, or 5.5%, on the ICC; an increase of $0.1 million, or 4.7%, on the I-95 Express Toll Lanes; and an increase of $1.0 million, or 0.2%, on the MDTA’s legacy facilities. Consistent with transaction volumes, the increase in revenue is mostly due to the growth in passenger vehicle and commercial vehicle (3- and 6-axle) revenue.

TOLL TRANSACTIONS AND REVENUE COMPARISON (In Thousands)

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2024 Revenue

2023 Revenue

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2023 Traffic

40 | Maryland Transportation Authority | Management’s Discussion And Analysis

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