Frank S. Waesche III
MEMORANDUM
TO:
Finance and Administration Committee Director of Finance Chantelle Green Biannual Review of Revenue Sufficiency
FROM:
SUBJECT:
DATE:
June 25, 2026
PURPOSE OF MEMORANDUM To provide a biannual review of revenue sufficiency for the fiscal 2027-2032 financial forecast period. SUMMARY The MDTA Board Operating Policy requires a biannual review of revenue sufficiency to determine if current rate and fee levels are appropriate relative to projected operating costs and capital spending. The most recent financial forecast shows that current toll rates, fees, and discounts provide adequate revenues through fiscal 2028 to meet forecasted spending and all legal and policy requirements. ANALYSIS The Board Operating Policy requires that the Executive Director or designee perform a biannual review of the adequacy of forecasted revenue as a function of forecasted traffic volumes, projected operating and capital budgets, and debt service obligations. Per the policy, the revenue review should include toll rates, service and administrative fees, and frequency of use and commuter discount programs. The results must be reported to the Board at a public meeting. The prior biannual test was issued in November 2025.
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