Biannual Review of Revenue Sufficiency Page Two
Adherence to Legal Requirements and Policy Goals The June 2026 financial forecast update demonstrates that the MDTA will meet all financial goals and legal requirements through fiscal 2028. The table below shows the results for the fiscal 2027-2032 forecast period.
Legal Requirement or Policy Goal
Required FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 FY 2032
≥ 1.0
Rate Covenant
1.9
1.7
1.3
1.0
0.9
0.8
≥ 2.0
Debt Service Coverage
2.5
2.2
1.7
1.3
1.1
1.0
≥ Next FY Op. Bud
Unencumbered Cash (millions)
$453
$473
$492
$512
$532
$549
Source: November 2025 Financial Forecast Update
The MDTA’s current toll rates (that have not been adjusted since 2015), fees, and discounts provide adequate revenue through fiscal 2028 to meet forecasted spending, as well as all legal and policy requirements in terms of debt service coverage and cash reserves.
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