Maryland Transportation Authority Board Meeting Thursday, September 24, 2026 9:00 am
In-Person and Livestream 2310 Broening Highway 2 nd Floor Training Room Baltimore, MD 21224
MARYLAND TRANSPORTATION AUTHORITY BOARD MEETING 2310 Broening Highway * 2 nd Floor Training Room * Baltimore, MD 21224 SEPTEMBER 24, 2026 9:00 AM This meeting will be livestreamed on the MDTA Board Meeting Page
NOTES: •
This is an In-Person Open Meeting being conducted via livestreaming. • The public is welcome to watch the meeting at the link above. • If you wish to comment on an agenda item, please email your name, affiliation, and the agenda item to nhenson@mdta.state.md.us no later than 12:00 Noon on Tuesday, September 22, 2026. You MUST pre-register and attend the meeting in person to comment. Once pre-registered, all pertinent information will be emailed to you. AGENDA OPEN SESSION – 9:00 AM Call Meeting to Order 1. Approval – Open Session Meeting Minutes of August 27, 2026 Chair 5 min. 2. Approval – Closed Session Meeting Minutes of August 27, 2026 Chair 5 min. 3. Approval – Contract Awards Jeffrey Davis 5 min. • MDTA 2024-01A – Comprehensive Preliminary Engineering and Final Design Services 4. Update – Fiscal Year 2026 Operating Budget Comparison – Jeffrey Brown 10 min. Review of Actual vs. Projected Fiscal Year 2026 Operating Budget Spending 5. Update – Fiscal Year 2026 Capital Budget Comparison – Jennifer Stump 10 min. Review of Actual vs. Projected Fiscal Year 2026 Capital Budget Spending 6. Update – Quarterly Update on Traffic and Revenue – Update Chantelle Green 10 min. on the Actual Performance of Traffic and Revenue Compared to the Forecast Through June 30, 2026 7. Update – Major Projects – Quarterly Update on Major Projects James Harkness 15 min. 8. Update – Information Technology Major Projects – Quarterly David Goldsborough 10 min. Update on Information Technology Major Projects 9. Update – Civil Rights Fair Practice’s Socioeconomic Programs – Khadriah Ward 10 min. Quarterly Update on Socioeconomic Programs 10. Update – Office of Legislative Audits Report – Review of the Chantelle Green 10 min. MDTA’s Fiscal Compliance Audit for the Period beginning March 5, 2020 and ending May 31, 2025
MARYLAND TRANSPORTATION AUTHORITY BOARD MEETING SEPTEMBER 24, 2026 9:00 AM AGENDA PAGE 2
11. Update – Audit Committee Update - Verbal
Member Ardinger
5 min.
12. Update – Executive Director’s Report – Verbal
Bruce Gartner
10 min.
Vote to Adjourn Meeting
TAB 1
MARYLAND TRANSPORTATION AUTHORITY BOARD MEETING
THURSDAY, AUGUST 27, 2026 9:00 A.M.
2310 BROENING HIGHWAY, BALTIMORE, MD 21224 IN-PERSON & LIVESTREAMED OPEN MEETING
OPEN SESSION
Kathryn Thomson, Chair
MEMBERS ATTENDING:
Dontae Carroll Maricela Cordova William H. Cox, Jr. Cynthia D. Penny-Ardinger Jeffrey S. Rosen Samuel D. Snead via Phone John F. von Paris
STAFF ATTENDING:
Lt. Col. Ronce Alford Greg Brown Kevin Cullity Jeffrey P. Davis Tonya Dorsey Allen Garman Bruce Gartner James Harkness Pilar Helm Natalie Henson Richard Jaramillo Megan Mohan, Esq. Mary O’Keeffe Cheryl Sparks Brad Tanner Franshun Vann, Esq.
OPEN SESSION AUGUST 27, 2026 PAGE 2 OF 6
At 9:01 a.m. Chair Kathryn Thomson called the meeting of the Maryland Transportation Authority (MDTA) Board to order. The meeting was held in-person at MDTA Headquarters, 2310 Broening Highway, Baltimore MD 21224 and was livestreamed on the MDTA Board Meeting web page.
APPROVAL – OPEN SESSION MEETING MINUTES OF JULY 30, 2026
Upon motion by Member Maricela Cordova and seconded by Member Cynthia D. Penny- Ardinger, the open session meeting minutes of the MDTA Board meeting held on July 30, 2026, were unanimously approved.
APPROVAL – CLOSED SESSION MEETING MINUTES OF JULY 30, 2026
Upon motion by Member William H. Cox, Jr. and seconded by Member Dontae Carroll, the closed session meeting minutes of the MDTA Board meeting held on July 30, 2026, were unanimously approved.
APPROVAL – CONTRACT AWARDS
*** Member Jon von Paris recused himself, and left the room, for the first two (2) contract presentations and votes. ***
• AE-3153-0000, AE-3154-0000, AND AE-3155-0000 UNDER PROCUREMENT NO. MDTA 2025-01A – COMPREHENSIVE ENVIRONMENTAL COMPLIANCE AND ENGINEERING SERVICES Mr. Jeffrey Davis requested approval from the MDTA Board to execute Contract Nos. AE-3153-0000, AE-3154-0000, and AE-3155-0000 under Procurement No. MDTA 2025- 01A – Comprehensive Environmental Compliance and Engineering Services with the firms and for the amounts listed below.
AE-3153-0000 AE-3154-0000 AE-3155-0000
AECOM/KCI JV
$5,000,000.00
RK&K/Century JV $5,000,000.00
WSP
$5,000,000.00
Mr. Davis explained that the services to be provided under these three (3) contracts include: support on environmental asset management, environmental permitting and compliance, environmental projects management, study, engineering design, Geospatial Information System (GIS) database and tools development and management, climate change adaptation and resiliency, and environmental studies and research.
He further explained that as this contract exceeds MDTA’s delegation, this will be presented at the next available Board of Public Works (BPW) meeting for approval.
Upon motion by Member Jeffrey S. Rosen and seconded by Member Maricela Cordova, the Members unanimously gave approval for Contract Nos. AE-3153-0000, AE-3154-0000, and AE-3155-0000 under Procurement No. MDTA 2025-01A – Comprehensive Environmental Compliance and Engineering Services.
OPEN SESSION AUGUST 27, 2026 PAGE 3 OF 6
• AE-3148-0000, AE-3149-0000, AND AE-3150-0000 UNDER PROCUREMENT NO. MDTA 2024-01A – COMPREHENSIVE PRELIMINARY ENGINEERING AND FINAL DESIGN SERVICES Mr. Jeffrey Davis requested approval from the MDTA Board to execute Contract Nos. AE-3148-0000, AE-3149-0000, and AE-3150-0000 under Procurement No. MDTA 2024- 01A – Comprehensive Engineering and Final Design Services with the firms, and for the amounts, listed below.
AE-3148-0000 AE-3149-0000 AE-3150-0000
AECOM/Wallace-Montgomery JV WSP/KCI Technologies JV Rummel, Klepper, & Kahl, LLP
$27,000,000.00 $27,000,000.00 $25,000,000.00
Mr. Davis explained that these are the first three (3) of six (6) total contracts to be awarded for Comprehensive Preliminary Engineering and Final Design Services under solicitation No. MDTA 2024-01A. The services include architecture, planning, engineering, asset management, construction management, project management, and program support. The services are for roads, roadsides, tunnels, bridges, structures, rest areas, inspection areas, weigh stations, toll plazas, travel plazas, surface lots, utilities, ancillary appurtenances, and facilities (buildings, domes, barns, water towers, etc.). The services are driven by system preservation (i.e., maintenance, repair, remediation, rehabilitation, reconstruction, retrofit, upgrades, etc.), system expansion (i.e., new construction), demolition, commissioning, asset management, regulatory compliance, reporting, staff augmentation, etc. MDTA relies primarily on the contracts resulting from this procurement for delivery of both large and small projects.
He further explained that as this contract exceeds MDTA’s delegation, this will be presented at the next available BPW meeting for approval.
Upon motion by Member William H. Cox, Jr. and seconded by Member Dontae Carroll, the Members unanimously gave approval for Contract Nos. AE-3148-0000, AE-3149-0000, and AE-3150-0000 under Procurement No. MDTA 2024-01A – Comprehensive Engineering and Final Design Services.
*** Member Jon von Paris returned for the remainder of the meeting. ***
• KH-3053-0000 – PHEASANT RUN NONTIDAL WETLAND MITIGATION – SOLE SOURCE
Mr. Jeffrey Davis requested approval from the MDTA Board to execute Contract No. KH- 3053-0000 – Pheasant Run Nontidal Wetland Mitigation – Sole Source with Ecotone LLC in the amount of $2,535,000.00. Mr. Davis explained that this contract is to purchase Stream Mitigation credits from an existing environmental bank constructed by Ecotone LLC to offset unavoidable stream impacts associated with the I-95 Express Toll Lanes (ETL) Program. The ETL program does not have the ability to provide all mitigation on-site and needs to provide off-site mitigation to meet permitting requirements. The Pheasant Run Mitigation site is in Harford County, Maryland in the watershed where MDTA needs to provide stream mitigation.
OPEN SESSION AUGUST 27, 2026 PAGE 4 OF 6
As this contract exceeds MDTA’s delegation, this will be presented at the next available Board of Public Works (BPW) meeting for approval.
Upon motion by Member Maricela Cordova and seconded by Member Jeffrey S. Rosen, the Members unanimously gave approval for Contract No. KH-3053-0000 – Pheasant Run Nontidal Wetland Mitigation – Sole Source.
UPDATE – ALL OPEN CONTRACTS
Mr. Jeffrey Davis presented the MDTA Board with a report on how many contracts are currently open with the MDTA. There are currently two hundred thirty (230) contracts totaling $3,540,796,910.62.
APPROVAL – QUARTERLY REVIEW AND APPROVAL OF INVESTMENT STRATEGY AND BENCHMARKS
Mr. Kevin Cullity requested approval from the MDTA Board for the investment strategy of the new Debt Service Reserve accounts associated with the recent financing.
Mr. Cullity explained that no changes in strategy or benchmarks to legacy accounts are recommended and that strategy tailored to the new long-term debt service reserves is recommended. Investments conformed to Investment Policy limitations and portfolio structuring by account adhered to board approved strategy. Mr. Cullity further explained that strategy should remain consistent, despite short-term return volatility associated with the interest rate environment and management does not attempt to time market rate changes; Duration Targeted reserves maintain consistent structures. Passive approach to duration, active in relative-value security selection. Chosen strategies and benchmark indices represent a reasonable and prudent compromise between long-term, multiyear return/income focus and tolerance for return volatility. Upon motion by Member Dontae Carroll and seconded by Member Cynthia D. Penny- Ardinger, the Members unanimously approved the investment strategy of the new Debt Service Reserve accounts associated with the recent financing.
APPROVAL – INVESTMENT POLICY
Mr. Kevin Cullity requested MDTA Board approval of the MDTA Investment Policy.
Mr. Cullity explained that following a recent review by the Investment Committee and Municipal Advisor, modest changes to the Investment Policy are currently recommended. The proposed changes clarify the competitive selection standard and diversification timing tests. 1) Correct explanatory requirement for Competitive transaction process in Section XII to “best price” rather than the “highest yielding” to encompass both purchases and sales.
OPEN SESSION AUGUST 27, 2026 PAGE 5 OF 6
Current If the highest yielding security was not selected for purchase or if three bids/offers from Qualified Institutions are not obtained, an explanation describing the rationale will be included in this record. Proposed If the best price security was not selected or if three bids/offers from Qualified Institutions are not obtained, an explanation describing the rationale will be included in this record.
2) Add ‘time of purchase’ benchmark under Section VIII. Diversification relative to both instrument and issuer.
Current Policy Statement 8. The MDTA will diversify its holdings by security type and institution to avoid incurring unreasonable risks due to excessive concentration in specific instruments, financial institutions or issuers. Proposed Policy Statement 8. The MDTA will diversify its holdings by security type and institution to avoid incurring unreasonable risks due to excessive concentration in specific instruments, financial institutions or issuers. Diversification standards must be met at time of purchase. Declines in portfolio size may cause diversification limits to be exceeded post purchase, so investments should be structured within limits for an expected average portfolio size. Investment sales to maintain longer term diversification may be considered with consultation of the Investment Committee, but short term and small variances resulting from a portfolio decline do not represent policy violations or necessitate sales.
Upon motion by Member William H. Cox, Jr. and seconded by Member John F. von Paris the modest changes to the MDTA Investment Policy were unanimously approved.
UPDATE – EXECITIVE DIRECTOR’S REPORT
Mr. Bruce Gartner updated the Board on the following items: 2026 Maryland Association of Counties (MACo) Conference; MDTA Police TRI-ARC re-accreditation for fifth consecutive year from Commission on Accreditation for Law Enforcement Agencies (CALEA); Upcoming September 16 Police Graduation Ceremony; Bond Sale and Credit Rating Updates; E-ZPass Customer Satisfaction Survey; RFQ for the Francis Scott Key Rebuild main span and marine approaches; Francis Scott Key Rebuild Invitation for Bid for the demolition and miscellaneous marine work contract; and the annual 9/11 ride that was held on August 22. Mr. Gartner ended his report by congratulating Tonya Dorsey on her new position as Chief Administrative Officer; Jaclyn Hartman on her new position as Chief Finance and Partnerships Officer; and thanking Mr. Greg Brown for his service over the last six months and his continued support over the upcoming months during Ms. Hartman’s transition.
OPEN SESSION AUGUST 27, 2026 PAGE 6 OF 6
VOTE TO GO INTO CLOSED SESSION
At 9:52 a.m., a motion was made by Member John F. von Paris and seconded by Member Maricela Cordova, and the Members voted unanimously to move into Closed Session under the Maryland Open Meetings Act, the MDTA Board met in Closed Session under the General Provisions Article: o Section 3-305(b)(8) to receive a status update on all pending or potential litigation. In attendance for the Closed Session were Chair Kathryn Thomson; Members Carroll, Cordova, Cox, Penny-Ardinger, Rosen, Snead via Phone, and von Paris; Bruce Gartner; Megan Mohan, Esq.; Franshun Vann, Esq.; Greg Brown; Richard Jaramillo; Pilar Helm; and Natalie Henson.
VOTE TO ADJOURN CLOSED SESSION
At 10:20 a.m., a motion was made by Member Jeffrey S. Rosen and seconded by Member John F. von Paris, and the Members unanimously voted to adjourn the Closed Session and return to Open Session.
RATIFICATION TAKEN IN CLOSED SESSION
Upon motion by Member William H. Cox, Jr. and seconded by Member Jeffrey S. Rosen, the Members ratified their approval of the reimbursement agreement to MDTA for lost revenue pertaining to Contract No. MA-2868-0000 – Electronic Toll Collection (3G) in the amount of $3,098,182.00.
VOTE TO ADJOURN MEETING
There being no further business, upon motion by Member Cynthia D. Penny-Ardinger and seconded by Member Maricela Cordova, the Members unanimously voted to adjourn the meeting at 10:24 a.m.
The next MDTA Board Meeting will be held on Thursday, September 24, 2026, at 9:00 a.m. at MDTA, 2310 Broening Highway, Baltimore MD and will be livestreamed on the MDTA Board web page.
APPROVED AND CONCURRED IN:
_________________________________________ Kathryn Thomson, Chair
TAB 2
CLOSED SESSION MINUTES
VERBAL
TAB 3
MEMORANDUM
TO:
MDTA Board
FROM: Director of Procurement, Jeffrey Davis, NIGP-CPP, CMPO SUBJECT: Contract No. MDTA 2024-01A (AE-3147-0000 & AE-3152-0000) Comprehensive Preliminary Engineering and Final Design Services DATE: September 24, 2026
PURPOSE OF MEMORANDUM To seek approval from the MDTA Board to execute Contract Nos. AE-3147-0000 and AE-3152-0000 under Solicitation No. MDTA 2024-01A – Comprehensive Preliminary Engineering and Final Design Services. SUMMARY These are the second two (2) of six (6) total contracts to be awarded for Comprehensive Preliminary Engineering and Final Design Services under solicitation No. MDTA 2024- 01A. The first three (3) were approved by the MDTA Board on August 27, 2026. The services include architecture, planning, engineering, asset management, construction management, project management, and program support. The services are for roads, roadsides, tunnels, bridges, structures, rest areas, inspection areas, weigh stations, toll plazas, travel plazas, surface lots, utilities, ancillary appurtenances, and facilities (buildings, domes, barns, water towers, etc.). The incumbents in the previous series of these contracts include: Rummel, Klepper & Kahl, LLP , Johnson Mirmiran & Thompson, Inc., Whitman Requardt & Associates, LLP , AECOM / Wallace Montgomery Joint Venture, WSP USA / Prime AE Joint Venture, KCI Technologies /Pennoni Associates Joint Venture, Stantec / Mead & Hunt /Hardesty & Hanover Joint Venture, STV/Jacobs Joint Venture, and TranSystems / Dewberry Joint Venture. The firms in bold are being considered for award of these new contracts either as a single prime or a new joint venture. As this contract exceeds MDTA’s delegation, this will be presented at the next available Board of Public Works (BPW) meeting for approval.
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
MDTA 2024-01A - Comprehensive Preliminary Engineering and Final Design Services Page Two
RECOMMENDATION To approve Contract Nos. AE-3147-0000 and AE-3152-0000 under Solicitation No. MDTA 2024-01A – Comprehensive Preliminary Engineering and Final Design Services. ATTACHMENT • Project Summary
PROJECT SUMMARY
Contract No. MDTA 2024-01A Comprehensive Preliminary Engineering and Final Design Services
N/A MDTA 2024-01A Comprehensive Preliminary Engineering and Final Design Services
PIN NUMBER CONTRACT NUMBER CONTRACT TITLE
The services include architecture, planning, engineering, asset management, construction management, project management and program support. The services are for roads, roadsides, tunnels, bridges, structures, rest areas, inspection areas, weigh stations, toll plazas, travel plazas, surface lots, utilities, ancillary appurtenances, and facilities (buildings, domes, barns, water towers, etc.).
PROJECT SUMMARY
CONTRACT NUMBER
CONTRACT AMOUNT $27 million $21 million
PROPOSERS
SCHEDULE
ADVERTISEMENT DATE ANTICIPATED NTP DATE
Stantec / Mead & Hunt / RS&H JV Dewberry / TranSystems / Prime AE JV
AE-3147 AE-3152
April 30, 2025
November 19, 2026
DURATION/TERM
Complete list on Page 2
Five (5) years
PROTEST
YES
NO ✓
FUNDING SOURCE
100% TOLL REVENUE
MBE & VSBE PARTICIPATION
Stantec / Mead & Hunt/ RS&H
Dewberry /
TranSystems /
JV
Prime AE JV PROPOSED
ADVERTISED
PROPOSED GOAL (%)
GOAL (%)
GOAL (%)
OVERALL MBE
27.00%
27.00%
27.50%
AFRICAN-AMERICAN SUBGOAL WOMEN-OWNED SUBGOAL
7.00%
9.00%
7.50%
10.00%
15.00%
13.50%
VSBE
1.00%
1.00%
1.00%
Page 1 of 2
PROJECT SUMMARY
Contract No. MDTA 2024-01A Comprehensive Preliminary Engineering and Final Design Services
PIN NUMBER
N/A
CONTRACT NUMBER
MDTA 2024-01A
CONTRACT TITLE
Comprehensive Preliminary Engineering and Final Design Services
CONTRACT
PROPOSERS Complete List
CONTRACT AMOUNT $27 million $27 million $27 million $25 million $23 million $21 million
NUMBER AE-3147 AE-3148 AE-3149 AE-3150 AE-3151 AE-3152
APPROVAL 9/ 24 /2026 8/ 27 /2026 8/ 27 /2026 8/ 27 /2026
Stantec / Mead & Hunt / RS&H JV
AECOM Design Svcs / Wallace-Montgomery JV
WSP USA / KCI Technologies JV Rummel, Klepper & Kahl, LLP
WR&A LLP / T. Y. Lin International JV Dewberry / TranSystems / Prime AE JV
Pending
9/ 24 /2026
Pennoni / HNTB JV
N/A N/A N/A
N/A N/A N/A
N/A N/A N/A
Jacobs / STV / Hardesty & Hanover JV Johnson, Mirmiran & Thompson, Inc.
Page 2 of 2
TAB 4
MEMORANDUM
TO:
MDTA Board
FROM: Director of Budget Jeffrey Brown SUBJECT: Fiscal Year 2026 Amended Operating Budget vs. Actual Spending Review DATE: September 24, 2026
PURPOSE The purpose of the memorandum is to report on fourth quarter Fiscal Year (FY) 2026 spending compared to the FY 2026 Amended Operating Budget. KEY TAKEAWAY As of June 30, 2026, 94% of the budget was spent compared to a target of 100%. Higher than anticipated costs associated with employee overtime (due to weather- related events and MDTA Police vacancies), IT cost pressures, and property insurance were more than offset by lower-than-expected expenses across the remainder of the budget. SUMMARY Budget analysis threshold: More than $500,000 budgeted with variances greater than +/- 5% of the targeted spending level. • Salaries & Wages/Technical & Special Fees ( Object 01 & 02 - $249.9M Budget ) are at targeted spending levels with a 94% spend rate. • Communications ( Object 03 - $4.4M Budget ) is slightly below budget with a 90% spend rate. • Travel ( Object 4 - $571K Budget ) is below budget with a 63% spend rate. Travel has been consistently at this level since FY 2024. This line item will undergo further analysis for potential savings in the FY 2028 budget as the spending level appears to have settled at a lower level.
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
FY 2026 Operating Budget vs. Actual Spending Review Page Two
• Fuel and Utilities ( Object 06 - $5.3M Budget ) is within 5% of the targeted budget amount with a 102% spend rate. The biggest driver is Electricity (Object 0620) at a 106% spend rate. • Motor Vehicle Operations & Maintenance ( Object 07 - $21.8M Budget ) is below budget with an 88% spend rate. o Vehicles Gas & Oil ( Object 0702 - $4.0M Budget ) is below budget with a 75% spend rate. o Vehicles Maintenance & Repair ( Object 0703 - $2.7M Budget ) is below budget with a 79% spend rate. o Purchase Other Land Vehicles ( Object 0730 - $1.8M Budget ) is below budget with a 57% spend rate. o Gas & Oil Other Land Vehicles ( Object 0731 - $1.0M Budget ) is over budget with a 109% spend rate. The increase in fuel cost is due to US-Iran conflict. o Large Vehicle Maintenance & Repair ( Object 0732 - $2.5M Budget ) is above budget with an 115% spend rate due to more vehicle repairs than anticipated. • Contractual Services ( Object 08 - $151.5M Budget ) is on budget with a 96% spend rate. o Advertising ( 0801 - $3.3M Budget) is below budget with a 43% spend rate. Some of the expected activities across the fiscal year will be spent in FY 2027. o Engineers ( 0807 - $35.9M Budget ) are below budget with an 81% spend rate. The underspending is mostly due to the timeframe associated with contract execution. o Equipment Repairs & Maintenance (0809 - $2.1M Budget) is slightly below budget with a 93% spend rate. While the timing of certain charges had this line item above budget earlier in the year, as expected, this line item returned close to budget. o Building/Road Repairs & Maintenance ( 0812 - $16.2M Budget ) is below budget with a 79% spend rate. Primarily, there was some delay in invoicing for the Police projects. o Janitorial Services ( 0813 - $1.9M Budget ) are below budget with a 78% spend rate. o Education & Training ( 0819 - $1.3M Budget ) is below budget with a 62% spend rate. Based on recent trends, this line item will undergo further analysis regarding the appropriate funding level in the FY 2028 budget. o Medical Care ( 0820 - $595K Budget ) is below budget with a 56% spend rate. There is a reduced need for pre-hiring physicals due to the hiring freeze.
FY 2026 Operating Budget vs. Actual Spending Review Page Three
o Management Studies ( 0821 - $6.9M Budget ) is below budget with a 58% spend rate due. The lower than anticipated spending in this line item is mostly due to reduced FY 2026 activity, lower costs than anticipated, the timing of invoices, and the deferral of certain activities to FY 2027. o Security Services ( 0823 - $1.2M Budget ) is below budget with an 80% spend rate. The savings are driven by the receipt of grant funds. o IT Services ( 0841 through 0869 - $13.7M Budget ) is above budget with a 134% spend rate. ▪ Central Process Services ( 0841 - $900K Budget ) is below budget with a 61% spend rate ▪ Telecomm ( 0849 - $614K Budget ) is below budget with a 41% spend rate. ▪ Application Software Maintenance ( 0862 - $1.5M Budget ) is over budget with a 342% spend rate due to charges for body worn cameras. A portion of the costs is expected to be capitalized beginning in FY 2027. ▪ System Software Maintenance ( 0864 - $1.0M Budget ) is above budget with a 195% spend rate due to an increase in charges from TSO. Consistent with other MDOT modes, the costs associated with enterprise agreements are now being passed through from MDOT to the MDTA. ▪ Outside Services Computers ( 0869 - $550K Budget ) is above budget with a 142% spend rate primarily due to enterprise agreements from DOIT and some additional Salesforce licenses. o E-ZPass ® Service Center Costs ( 0873 - $45.5M Budget ) is above budget with an 118% spend rate. This is driven by certain toll collection initiative activities that were implemented after budget finalization. o Other Contractual Services ( 0899 - $4.3M Budget ) are below budget with an 89% spend rate primarily due to MSP overhead charges. • Supplies & Materials ( Object 09- $11.2M Budget ) are below budget with an 81% spend rate. o Roadway Maintenance ( 0905 - $761K Budget ) is below budget with a 63% spend rate. The amount of roadway maintenance work was lower than anticipated due to employee vacancies and increased traffic at the FMT and BHT facilities that limit the amount of maintenance work that can be performed. Additionally, lower than expected repairs drive the underspending in this line item. o Salt ( 0906 - $1.7M Budget ) is slightly below budget with a 93% spend rate despite the 1 st quarter winter storms. o Ammunition ( 0934 - $755K Budget ) is below budget with a 52% spend rate. This cost is driven by when the orders are received. o Transponders ( 0951 - $4.1M Budget) expense is below budget with an 83% spend rate.
FY 2026 Operating Budget vs. Actual Spending Review Page Four • Replacement Equipment (Object 10 - $2.0M Budget ) is below budget with an 85% spend rate. o Other Replacement Equipment (Object 1099 - $541K Budget) is below budget with a 55% spend rate. This depends upon when orders are received. • Additional Equipment ( Object 11 - $2.6M Budget ) is below budget with a 54% a spend rate mostly due to the timing of orders. • Fixed Costs ( Object 13 - $12.8M Budget ) are on budget with a 104% spend rate. o Insurance ( Object 1302 - $907K Budget) is below budget with an 80% spend rate. o Insurance - non STO (Object 1309 - $11.6M Budget ) is slightly above the targeted budget amount with a 106% spend rate. The variance is due to higher premiums associated with market rates coupled with an increase in the insurance policy limit.
ATTACHMENT • Budget vs Actual by Object 4th Qtr. FY 2026
MDTA OPERATING FUND Bgt vs. Actual by Obj and RC Detail Summary of All Units For the Twelve Months Ending Tuesday, June 30, 2026 YTD
%
Budget
Expense
Balance
Spent
OBJECT 01 Salaries and Wages 0101 REGULAR EARNINGS 0102 ADDITIONAL ASSISTANCE 0104 OVERTIME EARNINGS 0104 OVERTIME EARNINGS - SNOW 0110 MISCELLANEOUS P/R ADJUSTMENTS 0111 ACCRUED LEAVE PAYMENTS 0105 SHIFT DIFFERENTIAL
$152,589,257 $115,713,954 $36,875,303
75.83% 0.00%
194,092 6,107,621 1,279,686 983,391 259,750 192,471 403,865 10,936,678 21,801,255 13,019,894 19,650,180 5,204,476 23,925,977 358,077 222,105 3,633,039 (12,922,298)
194,092
7,455,112 (1,347,491) 122.06%
1,839,887 82,501 903,529 1,129,756
(560,201) 143.78%
900,890
8.39%
(643,779) 347.85% (937,285) 586.97%
0112 RECLASSIFICATIONS
403,865
0.00% 3.99% 6.27% 1.81% 0.00% 4.92% 75.60% 0.00% 0.00% 0.67% 7.10% 87.45% 0.00% 87.56% 94.91% 82.80% 0.00% 0.00% 0.00% 0.00% 8.33%
0151 SOCIAL SECURITY CONTRIBUTIONS
436,123 10,500,556 1,367,684 20,433,571 235,029 12,784,865
0152 HEALTH INSURANCE
0154 RETIREE'S HLTH INSURANCE PREM
0156 VSP PAYMENTS
333,900
(333,900)
0161 EMPLOYEES RETIREMENT SYSTEM 0165 STATE POLICE RETIREMENT SYSTEM 0169 LAW ENFORCEMNT OFF PENSION SYS 0172 DEFERRED COMPENSATION MATCH 0174 UNEMPLOYMENT COMPENSATION 0175 WORKERS COMPENSATION 0171 BURDEN EXPENSE
967,403 18,682,778
3,934,771
1,269,705 23,925,977
97,692,210 (97,692,210)
2,400 15,763
355,677 206,343 456,107
3,176,932
0189 TURNOVER
(12,922,298)
0199 OTHER FRINGE BENE - CLOTH ALLOW
859,111
752,242
106,869
Total Object 01
248,698,628 236,039,194 12,659,434
Object 02 Technical and Special Fees 0202 PER DIEM PAYMENTS 0208 TRAINING AND STAFF DEVELOMENT 0209 ADMIN/MGMT SERVICES SUPPORT
125,000
103,500
21,500
400
(400)
3,000 1,000
3,000 1,000
0211 EMPLOYEE AWARDS
0220 SPECIAL PAYMENTS PAYROLL
1,118,978 1,247,978
1,118,978 1,144,078
Total Object 02
103,900
Object 03 Communications 0301 POSTAGE
51,600 880,904 803,730 2,000,000 663,181 4,399,415
44,039 268,475 805,067 2,243,657 604,239 3,965,477
7,561
85.35% 30.48%
0302 TELEPHONE
612,428
0303 TELECOMMUNICATIONS
(1,336) 100.17% (243,657) 112.18%
0305 STATE PAID TELECOMMUNCIATIONS 0306 CELL PHONE EXPENDITURES
58,942 433,938
91.11% 90.14%
Total Object 03
Object 04 Travel 0401 IN STATE/ROUTINE OPERTN TRAVEL 0402 INSTATE/CONF/SEMNR/TRNG TRAVEL 0403 OUTSTATE/ROUTINE OPERTN TRAVEL 0404 OUTSTATE/CONF/SEMNR/TRNG TRAVL
51,377 95,098 63,393 360,978 570,846
21,496 50,316 26,036 262,204 360,052
29,881 44,782 37,357 98,774 210,794
41.84% 52.91% 41.07% 72.64% 63.07%
Total Object 04
Object 06 Fuel and Utilities 0603 FUEL-OIL #2
149,300 486,434 4,248,405 416,703 5,300,842
126,989 403,225 4,500,363 390,043 5,420,619
22,311 83,209
85.06% 82.89%
0606 FUEL-NATURAL GAS/PROPANE 0620 UTILITIES-ELECTRICITY 0621 UTILITIES-WATER/SEWAGE
(251,958) 105.93%
26,660
93.60%
Total Object 06
(119,778) 102.26%
SUMMARY
MDTA OPERATING FUND Bgt vs. Actual by Obj and RC Detail Summary of All Units For the Twelve Months Ending Tuesday, June 30, 2026 YTD
%
Budget
Expense
Balance
Spent
Object 07 Motor Vehicle Operations and Maintenance 0701 PURCH VEH-CAR,LIGHT TRUCK
9,110,000 4,025,750
8,571,879 3,002,384
538,121 1,023,366
94.09% 74.58% 0.00% 78.32% 0.00% 87.64% 99.16% 45.89% 11.90% 56.94%
0702 VEHICLE GAS & OIL 0702 VEHICLE GAS & OIL-SNOW 0703 VEHICLE MAINTENANCE & REPAIR 0703 VEHICLE MAINT & REPAIR-SNOW
59
(59)
2,721,700
2,131,526
590,174 (7,908) 50,394 60,290 3,700 782,034 414
7,908
0704 INSURANCE
407,863 49,347 111,431
357,469 48,933 51,141
0721 VEHICLE GAS & OIL - WATERCRAFT 0722 VEH MAINT & REPAIR - WATERCRAFT 0724 BOAT SLIP RENTAL/LAUNCHING FEES 0730 PURCH VEH-OTHER LAND VEH - DUMP, TRACT
4,200
500
1,816,000 1,000,000 2,500,000
1,033,966 1,090,208 2,791,608
0731 GAS & OIL - OTHER LAND VEHICLES 0732 LG VEHICLE MAINT & REPAIR 0732 LG VEHICLE MAINT & REPAIR-SNOW 0741 ELECTRICITY USAGE FOR VEHCILES
(90,208) 109.02% (291,608) 111.66%
71,759
(71,759)
0.00% 0.00%
330
(330)
0789 COMMUTER CHARGE
(5,000) 50,000
(24,811) 19,399
19,811 30,601
496.22% 38.80% 87.90%
0799 OTHER MOTOR VEHICLE CHARGES
Total Object 07
21,791,291
19,154,257
2,637,034
Object 08 Contractual Services 0801 ADVERTISING/LEGAL PUBLICATION 0802 APPLICATIONS SOFTWARE MAINT 0804 PRINTING/REPRODUCTION 0807 ENGINEERS - Environmental (MA0967) 0807 ENGINEERS - Highways (MA0983) 0807 ENGINEERS - Architectural (MA2395) 0807 ENGINEERS - ITS/Electrical (MA2226) 0807 ENGINEERS 0807 ENGINEERS - Structural (MA2055) 0807 ENGINEERS - Traffic (MA2181) 0807 ENGINEERS - Asset Mgmt (MA2869) 0807 ENGINEERS - On-Call (All MR) 0807 ENGINEERS - Annual Inspections (MA2471)
3,278,691 100,000 3,150,000 4,000,000 235,000 400,000 33,250 1,180,000 1,825,000 1,700,000 800,000 6,700,000 15,950,000 544,018 2,123,609
1,394,532
1,884,159 52,469 27,712 352,314 1,472,551 88,954 175,632 569,891 182,837 81,876 1,841,560 2,747,439 57,470 149,879 11,734
42.53% 47.53% 16.65% 88.82% 63.19% 62.15% 56.09% 51.70% 89.24% 89.77% 72.51% 82.77% 89.44% 92.94% 32.61% 35.49% 0.00% 78.28% 21.92% 48.45% 43.39% 61.66% 56.03% 58.45% 79.85% 94.04% 29.19% 19.86% 90.31% 60.46%
47,531 5,538
2,797,686 2,527,449 146,046 224,368 610,109 2,361,922 1,517,163 718,124 4,858,440 13,202,561 486,548 1,973,730
(536,922) 129.42%
0808 EQUIPMENT RENTAL
0809 EQUIPMENT REPAIRS & MAINT
0810 EXTERMINATION
17,413
5,679
0812 BUILDING/ROAD REPAIRS & MAINT 0812 BUILDING/ROAD REPAIRS & MAINT - On-Call
16,176,962
5,741,702 10,435,259 7,049,337 (7,049,337)
0813 JANITORIAL SERVICES 0814 GROUNDS MAINTENANCE
1,944,667 86,700 3,400 477,850 1,328,188 594,720 6,947,572 1,241,976
1,522,248 19,007 1,647 207,323 818,946 333,216 4,060,860 991,671
422,419 67,693
0815 LAUNDRY
1,753
0817 LEGAL SERVICES
270,527 509,242 261,504 2,886,712 250,304
0819 EDUCATION/TRAINING CONTRACTS
0820 MEDICAL CARE
0821 MGMT STUDIES AND CONSULTANTS
0823 SECURITY SERVICES 0824 LABORATORY SERVICES
44,278 31,565 17,841 474,648 62,000
45,347 29,683 5,207 653,353 12,314
(1,068) 102.41%
0825 VETERINARIAN
1,882 12,634
0826 FREIGHT AND DELIVERY 0827 TRASH AND GARBAGE REMOVAL
(178,705) 137.65%
0828 OFFICE ASSISTANCE 0829 FISCAL SERVICES
49,686
15,715,250
14,192,558
1,522,692 355,854
0841 DP CENTRAL PROCESS SVC
900,000
544,146
SUMMARY
MDTA OPERATING FUND Bgt vs. Actual by Obj and RC Detail Summary of All Units For the Twelve Months Ending Tuesday, June 30, 2026 YTD
%
Budget
Expense
Balance
Spent
0843 DP COMMUNICATIONS CONTROLLERS SVC 0849 TELECOMM LINES, MODEMS & CONTROLLERS 0854 COMPUTER MAINTENANCE CONTRACTS 0858 SOFTWARE LICENSES 0861 APPL SOFTWARE ACQUISITION 0862 APPL SOFTWARE MAINTENANCE 0864 SYSTEMS SOFTWARE MAINTENANCE 0865 OUTSIDE SVCS-SYS ANALYSIS&DSGN 0866 OUTSIDE SVCS-PROGRAMMING 0869 OUTSIDE SVCS-COMPUTER USAGE 0872 IT OUTSIDE SVCS - CONSULTING SVC 0873 OUTSIDE SVC - E-Z PASS SVC CENTER 0874 OFFICE OF ATTORNEY GENERAL FEE 0875 RETIREMENT AGENCY ADMIN FEE 0876 STATEWIDE DOIT SERVICES 0894 STATEWIDE PERSONNEL SYS ALLOC 0897 STATE ENTERPRISE BUDGET SYSTEM 0899 OTHER CONTRACTUAL SVC-NON DP
400,000 613,538 100,000 123,750 50,000
419,315 253,392 191,058 347,403 82,866
(19,315) 104.83%
360,146
41.30%
(91,058) 191.06% (223,653) 280.73% (32,866) 165.73% (948,577) 194.86% (242,001) 103.03% (1,656) 100.33% (229,413) 141.71%
1,501,000 1,000,000 8,000,000 500,000 550,000
5,126,380 (3,625,380) 341.53%
1,948,577 8,242,001 501,656 779,413
6,000
6,000
0.00%
45,500,000
53,796,267 (8,296,267) 118.23%
44,265 232,588 125,000 41,676
46,690
(2,425) 105.48%
232,588
0.00%
773,404 8,655 26,950 3,830,160
(648,404) 618.72%
33,021 321,452 480,542 6,051,339
20.77% 7.74% 88.85% 96.01% 69.39% 64.46% 56.35% 62.96% 92.99% 80.97% 75.45% 95.95% 88.21% 82.15% 81.31% 87.16% 90.57% 52.15% 83.39% 66.17% 81.41%
348,402 4,310,702
Total Object 08
151,531,519 145,480,180
Object 09 Supplies and Materials 0901 AGRICULTURE 0902 OFFICE SUPPLIES 0903 ELECTRICAL MATERIALS
53,090 446,169 492,291 488,712 761,477 1,661,500 1,293,258 29,975 348,519 29,381 194,784 74,266 44,807 32,435 754,811 4,115,000 369,319 11,189,794
36,839 287,586 277,424 543,418 479,460 1,544,977 1,240,826 26,440 286,305 23,889 169,766 60,132 33,806 29,378 393,599 3,431,403 244,374 9,109,623
16,251 158,584 214,867 282,017 116,523 14,134 11,001 52,431 3,535 62,214 5,492 25,018 3,057 361,212 683,597
0904 BUILDING & HOUSEHOLD SUPPLIES 0905 ROADWAY MAINT MATERIALS 0906 SALT/SNOW MELTING MATERIALS 0908 HOUSEKEEPING SUPPLIES
(54,706) 111.19%
0909 MEDICAL SUPPLIES
0912 WEARING APPAREL-UNIFORMS EMPL
0915 LIBRARY SUPPLIES 0917 SMALL TOOLS 0918 VETERINARY SUPPLIES
0920 FOOD
0926 DATA PROCESSING SUPPLIES 0934 AMMO GUNS FIRING RANGE SUPPLIES 0951 E-ZPASS TRANSPONDERS 0999 OTHER SUPPLIES AND MATERIALS
124,945 2,080,172
Total Object 09
Object 10 Replacement Equipment 1002 REPL AUDIO-VISUAL EQUIP
4,731 4,107
(4,731) (4,107)
0.00% 0.00% 64.25%
1009 REPL HUMAN ENVIRONMENTAL EQUIP 1013 REPL MAINTENANCE & BUILDING EQUIP 1019 REPL RADIOS & ELECTRONIC EQUIPMENT 1033 REPL DP EQUIP-MICROCOMPUTER 1036 REPL DP EQUIP-PERIPHERALS 1099 OTHER REPLACEMENT EQUIPMENT 1015 REPL OFFICE EQUIPMENT
296,600 106,357 66,000 1,005,200 14,400 541,266 2,029,823
190,575 109,219 58,837 1,056,751 296,024 1,720,244
106,025
(2,862) 102.69%
7,163
89.15%
(51,551) 105.13%
14,400 245,243 309,579
0.00% 54.69% 84.75%
Total Object 10
Object 11 Additional Equipment 1102 ADDT'L AUDIO-VISUAL EQUIP 1103 ADDT'L CLEANING EQUIPMENT
6,500 10,000
4,150
2,350 10,000
63.85% 0.00%
SUMMARY
MDTA OPERATING FUND Bgt vs. Actual by Obj and RC Detail Summary of All Units For the Twelve Months Ending Tuesday, June 30, 2026 YTD
%
Budget
Expense
Balance
Spent
1109 ADDT'L HUMAN ENVIRONMENTAL EQUIP 1113 ADDT'L MAINTENANCE & BUILDING EQUIP 1119 ADDT'L RADIOS & ELECTRONIC EQUIPMENT 1133 ADDT'L DP EQUIP-MICROCOMPUTER 1136 ADDT'L DP EQUIP-PERIPHERALS 1199 OTHER ADDITIONAL EQUIPMENT 1115 ADDT'L OFFICE EQUIPMENT
1,000
15,425 168,265 100,747
(14,425) 1542.57%
253,000 238,590 665,000 20,000
84,735 137,843 659,896 20,000
66.51% 42.23% 0.77% 0.00% 0.00% 79.28% 53.98%
5,104
1,942
(1,942)
1,378,962 2,573,052
1,093,186 1,388,819
285,777 1,184,233
Total Object 11
Object 13 Fixed Charges 1301 RENT 1303 RENT PAID TO DGS 1304 SUBSCRIPTIONS 1305 ASSOCIATION DUES
10,062 726,444 29,814 293,300
(10,062) 181,369
0.00% 80.02% 0.00%
1302 INSURANCE COVERAGE PAID TO STO
907,813 1,100 29,020 283,857
1,100
(794) 102.74% (9,443) 103.33%
1308 LICENSES
9,720
5,789
3,931
59.56%
1309 INSURANCE (NON STO PAYMENTS)
11,596,368
12,308,754
(712,386) 106.14%
1320 BAD DEBT EXPENSE
50,000
0
50,000
0.00%
13,374,163
(496,285) 103.85%
Total Object 13
12,877,878
Total All Objects
462,211,066 436,116,528 26,094,538
94.35%
SUMMARY
TAB 5
Jeffrey S. Rosen Samuel D. Snead, MCP, MA John F. von Paris Frank S. Waesche III
MEMORANDUM
TO:
MDTA Board
FROM: Capital Program Manager Jennifer Stump SUBJECT: Fourth Quarter Review of Fiscal Year (FY) 2026 Capital Budget vs. Actual Spending DATE: September 24, 2026 PURPOSE OF MEMORANDUM The purpose of the memorandum is to update the MDTA Board on the status of actual Fiscal Year (FY) 2026 capital spending against the FY 2026 capital budget in the FY 2026-2031 Draft Consolidated Transportation Program (CTP). This information was also presented to the MDTA Finance and Administration Committee on September 10, 2026. SUMMARY As of June 30, 2026, 73.2% of the FY 2026 budget was spent as compared to the targeted spending level of 100%. The total budget for FY 2026 was $1.1 billion. The actual spending through the fourth quarter was $845 million. ANALYSIS Nine of the 102 projects budgeted in FY 2026 were within the acceptable spending limits of 90% to 110% (plus or minus 10% of the 100% target). The variation decreased from the 25% reported for the first, second, and third quarters because all allocations, accruals, and FY 2026 invoices were posted. The Key Bridge Rebuild was at a 65% spend rate while the remaining projects in the CTP were at a cumulative spend rate of 85.2%. Actual spending through the fourth quarter for ten projects with FY 2026 budgets over $10 million was $691.3 million. The ten projects are detailed in Attachment A. ATTACHMENT Attachment A – FY 2026 Capital Program Spending – Ten Projects with FY 2026 Budgets over $10 million
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
Attachment A
FY 2026 Capital Program Spending Compared to Draft FY 2026-2031 CTP Budget Ten Projects with FY 2026 Budgets over $10M
FY 2026 Budget Draft CTP ($ Million)
FY 2026 Actual thru 06/30/2026 ($ Million)
FY 2026 4th Qtr Spend Rate
Project Name
Key Bridge Rebuild
$685.0
$445.5
65%
I-95 ETL NB Transition - MD 24 Interchange Reconstruction I-95 ETL NBE MD 24 to Bynum Run Rehab Decks of EB Span - Phase I Deck Widening & Replacement of Deck Truss Spans Envelope Repair and Switchgear Replacements at BHT Vent Buildings I-695 Ramps to I-95 Northbound Express Toll Lanes I-95/Belvidere Road Interchange Cleaning and Painting of the Hatem Bridge 10-Year Equipment Budget - FY 2018 through FY 2027 FMT Facility-wide Zone Paint Program
$78.7
$85.4
108%
$31.0
$28.0
90%
$30.0
$50.7
169%
$22.0
$18.9
86%
$21.1
$0.6
3%
$15.9
$21.6
136%
$15.5
$13.1
85%
$14.5
$12.8
88%
$11.8
$14.7
124%
Total
$925.5
$691.3
74.7%
Page 1 of 1
TAB 6
Jeffrey S. Rosen Samuel D. Snead, MCP, MA John F. von Paris Frank S. Waesche III
MEMORANDUM
TO:
MDTA Board
FROM:
Director of Finance Chantelle Green
PREPARED BY: SUBJECT:
Director of Revenue Walter Laun Fourth Quarter Fiscal Year 2026 Traffic and Revenue Performance
DATE:
September 24, 2026
PURPOSE OF MEMORANDUM To provide the Maryland Transportation Authority (MDTA) Board with a quarterly and year-to-date (YTD) update regarding traffic and toll revenue trends compared to the previous year and the forecast. KEY TAKEAWAYS • Total revenue collected increased by $22.9 million, year-over-year (YOY). • Total revenue collected was above forecast by $9.6 million for the period ending June 30, 2026, YTD. o E-ZPass revenue collected was above forecast by $1.4 million. o Video Toll and Administrative Fee revenues collected were above forecast by $8.2 million. ANALYSIS This quarterly review looks at traffic and toll revenue trends and compares actual system- wide experience with traffic and toll revenue forecasts. CDM Smith tracks and evaluates the performance of traffic at the lane level and traffic and revenue collected on a cash basis.
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
Fourth Quarter Fiscal Year 2026 Traffic and Revenue Performance Page Two FY 2026 Actuals compared to FY 2025 Actuals and FY 2026 Forecast versus FY 2026 Actuals
Combined Facilities (including Administrative Revenue)
REVENUE (in Millions)
TRANSACTIONS (in Millions)
FY25 FY26
FY26
FY25
FY26
FY26
Actual Actual Diff % Change Forecast Diff % Diff Actual Actual
Diff % Change Forecast Diff % Diff
Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4
40.8 41.4 0.5 1.3% 38.4 40.0 1.6 4.3% 36.5 35.4 (1.1) -3.1% 41.8 42.9 1.2 2.8%
41.3 0.1 0.2% $ 192.4 $ 204.7 $12.3 6.4%
$ 201.0 $ 3.7 1.9% 193.3 0.6 0.3% 186.0 (13.4) -7.2% 216.5 18.7 8.6% $ 796.7 $ 9.6 1.2%
39.5 0.5 1.2% 36.5 (1.1) -3.0% 42.8 0.1 0.3%
187.8 193.9
6.0 3.2%
192.9 172.6 (20.4) -10.6% 210.3 235.2 24.9 11.8%
YTD Totals 157.5 159.7 2.2 1.4% *Note: Numbers may not sum due to rounding
160.1 (0.4) -0.3% $ 783.4 $ 806.3 $22.9 2.9%
As shown in the table above, for the period ending June 30, 2026, YTD, systemwide transactions totaled 159.7 million and corresponding toll and administrative revenue totaled $806.3 million. This represents an increase of 2.2 million transactions, or 1.4%, compared to the same period last year. YTD revenue increased by $22.9 million, or 2.9%, compared to the same period last year. Increases in E-ZPass, Pay-by-Plate, and administrative toll revenue accounted for $16.2 million, $0.7 million, and $8.3 million of the total increase, respectively. These were slightly offset by a decrease in Video Toll revenue of $2.3 million. The largest drivers of the increase in E-ZPass revenue include the Fort McHenry Tunnel ($7.7M, +3.7%) and the I-95 Express Toll Lanes (ETL) ($4.7M, +26.7%), with the remaining toll facilities making up the difference. The 26.7% increase at the I-95 ETL was attributed to the completion of the northbound extension in Dec 2024. For the period ending June 30, 2026, YTD, actual revenue was above forecast by $9.6 million, or 1.2%. E-ZPass, Pay-by-Plate, and administrative revenues were above forecast by $1.4 million, $0.4 million, and $11.9 million, respectively. Administrative revenue exceeded the forecast due to an increase in civil penalty fees collected by the Central Collections Unit (CCU). The improvement in civil penalty fee collection was partially offset by an underperformance in Video Toll revenue, which was below forecast by $4.1 million. ATTACHMENTS • Attachment A: Summary of Revenue • Attachment B: Comparison of Official Forecast to Actual Toll Revenue Performance • Attachment C: Analysis of Actual Toll Revenue Performance & Financial Forecast Differences • Attachment D: FY 2026 Forecast vs Actual Revenue – by Facility • Attachment E: FY 2026 Forecast vs. Actual Revenue – by Payment Method • Attachment F: FY 2026 Semi-Annual Update – CDM Smith
Fourth Quarter Fiscal Year 2026 Traffic and Revenue Performance Page Three Attachment A Summary of Revenue FY2026 Forecasted and Actual Revenue Comparison July 1, 2025 to June 30, 2026
Video, Administrative 1 & Pay-By- Plate
Total
E-ZPass®
Forecast Revenue $625,882,366 $170,818,772 $796,701,138 Actual Revenue 627,279,393 179,018,858 806,298,251 Difference $1,397,027 $8,200,086 $9,597,113 1 Includes items such as Hatem Bridge discount plan ($20.00 annual plan), oversize permit fees, transponder sales, civil penalties, unused trips, commercial post-usage discount & monthly account fees (non- Maryland addresses).
Attachment B Comparison of Official Forecast to Actual Toll Revenue Performance July 1, 2025 to June 30, 2026
Toll Revenue Forecast: Actual Revenue:
$796,701,138
627,279,393 6,150,878 75,221,447 97,646,533
E-ZPass
Pay-By-Plate
Video Toll
Adminstrative Toll
Total Actual Revenue Actual Revenue less Forecasted Revenue
806,298,251 9,597,113
Fourth Quarter Fiscal Year 2026 Traffic and Revenue Performance Page Four Attachment C Analysis of Adjusted Toll Revenue Performance & Financial Forecast Differences July 1, 2025 to June 31, 2026
Adjusted Actual Revenue less Forecasted Revenue
$ 9,597,113
Forecast Assumption Differences: E-ZPass Daily Average Traffic Higher than Forecasted (FY2026) - ongoing Pay-By-Plate Usage Higher than Forecasted (FY2026) - ongoing Video Toll Collections Lower than Forecasted (FY2026) - one-time (-$2.5M) Administrative Toll Revenue Higher than Forecasted (FY2026) - one-time [CPFs +$11.6M]
1,397,027 414,519 (4,094,019) 11,879,587
Total Forecast Assumption Differences Unreconciled/Analyzed Difference
$ 9,597,113
$
0
Fourth Quarter Fiscal Year 2026 Traffic and Revenue Performance Page Five Attachment D FY 2026 Forecast vs. Actual Revenue – By Facility
Legacy Facilities
July Total Forecast $ 45,608,376 46,392,126 $ $ 46,987,393 $ 45,676,877 $ 44,486,620 $43,069,909 $ 40,452,827 $38,742,006 $ 43,040,123 $ 46,384,744 $ 49,800,625 $ 46,492,086 537,133,714 $ Actual 49,741,680 46,421,797 45,577,368 45,275,838 45,686,826 44,014,241 36,482,358 37,715,738 45,532,583 38,182,319 52,423,141 52,242,614 $ 539,296,502 Difference 4,133,303 29,671 (1,410,025) (401,040) 1,200,206 944,332 (3,970,469) (1,026,269) 2,492,460 (8,202,425) 2,622,516 5,750,528 $ 2,162,788 Forecast 11,216,186 10,647,433 10,826,926 10,631,454 10,806,848 10,878,869 10,604,165 10,369,580 15,599,029 16,439,441 14,547,402 10,846,124 $ 143,413,459 Actual 11,531,302 11,732,853 11,216,483 11,125,089 10,503,585 9,761,638 8,453,032 12,056,617 8,227,718 7,964,297 7,860,405 46,270,958 156,703,976 $ Difference 315,115 1,085,419 389,557 493,635 (303,263) (1,117,231) (2,151,133) 1,687,037 (7,371,311) (8,475,144) (6,686,997) 35,424,834 13,290,517 $ Forecast 56,824,563 57,039,559 57,814,318 56,308,332 55,293,469 53,948,778 51,056,992 49,111,586 58,639,153 62,824,185 64,348,028 57,338,211 $ 680,547,172 Actual 61,272,981 58,154,650 56,793,850 56,400,927 56,190,411 53,775,879 44,935,390 49,772,354 53,760,301 46,146,615 60,283,547 98,513,572 $ 696,000,478 Difference $ 4,448,419 1,115,090 $ $ (1,020,468) $ 92,596 $ 896,943 (172,899) $ $ (6,121,602) 660,769 $ $ (4,878,852) (16,677,569) $ $ (4,064,481) $ 41,175,361 $ 15,453,305 August September October November December January February March April May June
Intercounty Connector
July
August
September
October
November December
January
February
March
April
May
June
Total
Forecast $ 6,105,071 $ 5,364,197 $ 5,820,118
5,614,968 $ $ 5,370,903 4,934,050 $ $ 4,667,004 4,647,017 $ $ 5,792,875 5,429,192 $ $ 6,108,355 6,094,001 $ $ 65,947,751
Actual
5,632,920 5,632,412 5,711,018 5,919,726 5,481,294 5,218,862
4,514,255 4,187,312 (152,749) (459,705) 1,788,085 1,885,391 1,398,526 1,734,660
5,850,530
4,904,484
6,841,843
5,784,085 $ 65,678,740
Difference
(472,152)
268,215
(109,099)
304,758
110,390
284,812
57,655
(524,709)
733,489
(309,916)
(269,011) $
Forecast
1,877,155 1,894,733 1,930,296 1,841,522 1,956,054 2,011,840 1,982,023 1,697,236 1,658,368 1,748,953 1,587,919 1,581,050
3,257,002 1,543,077
3,061,533 1,425,309
2,864,115 1,391,702
2,028,810 $ 26,396,536 3,497,498 $ 21,246,322
Actual
Difference
104,869
(197,497)
(271,928)
(92,569) (368,135) (430,790)
(389,560) (150,731) (1,713,924) (1,636,224) (1,472,412) 1,468,688 $ (5,150,214)
Forecast
7,982,226 7,258,931 7,750,414 7,456,490 7,326,958 6,945,890 7,614,943 7,329,648 7,369,387 7,668,679 7,069,213 6,799,912
6,455,089 6,532,408 5,912,781 5,921,971
9,049,876 7,393,607
8,490,725 6,329,792
8,972,470 8,233,546
8,122,811 $ 92,344,287 9,281,583 $ 86,925,062
Actual
Difference
(367,283) $
70,718 $ $ (381,027)
212,189 $ $ (257,745) $ (145,979)
(542,309) $ $ (610,437) $ (1,656,269) $ (2,160,933)
(738,924) $ $ 1,158,772 (5,419,225) $
I-95 Express Toll Lanes
July
August
September
October
November December
January
February
March
April
May
June
Total
Forecast $ 1,971,477 $ 2,122,168 $ 1,921,290
1,956,859 $ $ 1,911,180 1,847,967 $ $ 1,608,812 1,495,959 $ $ 1,831,793 2,020,329 $ $ 2,055,449 2,057,619 $ $ 22,800,901
Actual
1,969,844 1,983,962 1,933,989 2,030,302 1,876,077 1,795,596
1,413,862 1,332,118 (194,950) (163,841)
1,898,596
1,957,728
2,109,187
2,002,891 $ 22,304,151
Difference
(1,633) (138,206)
12,699
73,443
(35,104)
(52,371)
66,803
(62,601)
53,737
(54,727)
(496,751) $
Forecast
98,383 105,862
95,555 95,229
95,703 95,168
93,128 96,580
84,562 83,582
81,799 84,001
68,166 76,567
59,292 61,338
72,860 78,527
83,768 87,235
84,749 91,126
90,811 $ 1,008,777 113,345 $ 1,068,560
Actual
Difference
7,479
(325)
(535)
3,452
(981)
2,202
8,401
2,046
5,666
3,467
6,377
22,534 $
59,783
Forecast
2,069,859 2,217,722 2,016,994 2,049,987 1,995,743 1,929,766 2,075,705 2,079,191 2,029,157 2,126,882 1,959,658 1,879,597
1,676,978 1,555,251 1,490,429 1,393,456 (186,549) $ $ (161,796)
1,904,653 1,977,122
2,104,097 2,044,963
2,140,198 2,200,313
2,148,430 $ 23,809,678 2,116,237 $ 23,372,711
Actual
Difference
$
5,846
$ (138,531) $ 12,163 $
76,895
(36,085) $
(50,169) $
$
72,470
(59,134) $
$
60,115
(32,193) $
(436,968) $
All Facilities
July Total Forecast $ 66,876,648 66,516,213 $ $ 67,581,726 $ 65,814,809 $ 64,616,169 $62,824,434 $ 59,189,060 $57,199,245 $ 69,593,681 $ 73,419,007 $ 75,460,695 $ 67,609,452 796,701,138 $ Actual 70,963,630 67,563,489 66,192,394 66,196,488 65,219,283 62,455,387 52,338,600 57,087,782 63,131,030 54,521,370 70,717,405 109,911,392 $ 806,298,251 Difference $ 4,086,982 $ 1,047,277 $ (1,389,332) 381,680 $ $ 603,114 (369,047) $ $ (6,850,460) $ (111,464) $ (6,462,651) (18,897,637) $ $ (4,743,290) $ 42,301,941 $ 9,597,113 August September October November December January February March April May June
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