Bi-annual Review of Revenue Sufficiency Page Two
Adherence to Financial Goals and Requirements
Source: November 2024 FY 2025-2030 Financial Forecast
FY 2025
FY 2026
FY 2027
FY 2028
FY 2029
FY 2030
FY 2031
Required
Rate Covenant Debt Service Coverage Unencumbered Cash
≥ 1.0 ≥ 2.0
2.0 2.6
1.9 2.4
1.7 2.1
1.5 1.9
1.3 1.7
1.2 1.5
1.1 1.4
≥ $ 400M $ 833M $ 400M $ 400M $ 400M $ 400M $ 400M $ 400M
The MDTA’s current toll rates (that have not been adjusted since 2015), fees, and discounts provide enough revenue through FY 2027 to meet forecasted spending as well as all legal and policy requirements.
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