MEMORANDUM
Finance & Administration Committee Director of Budget Jeffrey Brown
TO:
FROM:
SUBJECT:
Fiscal Year 2026 Final Operating Budget
DATE:
June 12, 2025
PURPOSE
The purpose of this memorandum is to request a recommendation of approval to the Maryland Transportation Authority (MDTA) Board for the FY 2026 Final Operating Budget.
KEY TAKEAWAYS
Key points regarding the FY 2026 Final Operating Budget relative to the FY 2026 Preliminary Operating Budget:
FY 2026 Final Operating Budget Request
Summary of Major Changes ($ millions)
FY 2026 Prelim Operating Budget Request (DBM) $450.6 FY 2026 Final Operating Budget $456.3 $ Change FY 2026 Prelim vs FY 2026 Final $5.8 % Change FY 2026 Prelim vs FY 2026 Final 1.3%
NOTE: Numbers may not sum to total due to rounding
The proposed FY 2026 Final Operating Budget of $456.4million, represents a $5.8 million, or 1.3%, increase versus the FY 2026 Preliminary Operating Budget. The key drivers of the increase are mandated personnel expenses, insurance costs, management study activities, and increased E-ZPass ® Service Center costs. These costs are partially offset by a reduction in new vehicle purchases following the transfer of MDTA Police take home vehicles from the FY 2026 budget to the FY 2025 budget and the capitalization of certain engineering costs ( i.e. , the transfer of operating costs to the capital budget).
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
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