Biannual Review of Revenue Sufficiency Page Two
The November 2025 financial forecast update demonstrates that the MDTA will meet all financial goals and legal requirements through fiscal 2027. The table below shows the results for the fiscal 2026-2031 forecast period.
Legal Requirement or Policy Goal
Required FY26 FY27 FY28 FY29 FY30 FY31
≥ 1.0
Rate Covenant
2.0
1.7
1.5
1.2
1.0
0.9
≥ 2.0
Debt Service Coverage
2.6
2.2
1.9
1.5
1.3
1.2
≥ $400
Unencumbered Cash (millions)
$475
$400
$400
$400
$400
$400
Adherence to Legal Requirements and Policy Goals 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 2027 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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