OPEN SESSION OCTOBER 9, 2025 PAGE FOUR OF FOUR
UPDATE – CTP PROCESS/ADDITIONS Jennifer Stump provided the Finance and Administration Committee with an overview of the MDTA’s Consolidated Transportation Program (CTP) process and an update of additions to the capital program. The CTP is released yearly and presents the MDTA’s ongoing and new capital projects for a six-year rolling period for all MDTA facilities. Following the MDTA Board’s approval of the Draft CTP in June of each year, the CTP is presented to local elected officials and citizens throughout the State of Maryland for review and comment. When the Final CTP is approved by the MDTA Board in November, it becomes part of the Governor’s budget to the Maryland General Assembly in January of the following year. This process is required by statute and applies to the MDTA and the Maryland Department of Transportation modes. Ms. Stump explained that projects in the CTP are categorized into three programs (1) the System Preservation – Minor Projects Program; (2) the Development and Evaluation (D&E) Program - Major Projects; and (3) the Construction Program. The three programs include ongoing projects and projects scheduled to begin construction within the six-year period. The D&E program includes major projects that are being prepared for possible future addition to the Construction Program. Projects are moved from the D&E Program to the Construction Program as funds and resources become available, based on the merits of the projects. Ms. Stump reported that four (4) new projects were added to the FY 2026-2031 Final CTP. Funding availability to budget for identified projects is based on the MDTA’s six-year financial forecast, which considers estimates of traffic and revenue (prepared annually), the operating budget and capital budget, debt service payments, the potential need for future bond sales and toll increases, and compliance with financial standards (Trust Agreement covenant, debt service coverage, unrestricted cash balance).
There being no further business, the meeting of the Finance Committee adjourned at 10:15 a.m., following a motion by Member Caroll, and seconded by Member Penny-Ardinger.
_________________________________________________ John von Paris, Chairman
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