MARYLAND TRANSPORTATION AUTHORITY CASH FLOW FORECAST FY 2025 - 2031
In Millions $
FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031
Revenues Toll Revenues
$748.4 $757.5 $766.1 $782.0 $808.9 $824.8 $835.6
Concessions Revenue
4.5
4.5
4.5
4.5
4.5
4.5
4.51 12.80 0.08 49.54
Investment Income & Other Revenue MDOT Loan Repayment - Interest BWI/Port Police Reimbursement
24.8
19.3
12.8
12.8
12.8
12.8
0.2
0.2
0.2
0.2
0.1
0.1
45.4
40.7
42.4
44.0
45.8
47.6
Total Revenues
$823.3 $822.2 $825.9 $843.5 $872.1 $889.8 $902.6
Operating Expenses Operating Account Budget
441.4 144.5
461.1 151.8
469.8 166.4
493.5 186.9
513.3 209.3
533.8 232.3
555.2 251.6
Debt Service
Total Operating Expenses
$585.8 $612.9 $636.2 $680.4 $722.6 $766.1 $806.8
Operating Revenue Net of Expenses
$237.5 $209.3 $189.8 $163.1 $149.5 $123.7
$95.8
Capital Expenses 2026-2031 Total CTP
584.6 1,153.8
1,029.6
990.6
792.4
583.1
502.8
Total Expenses (Operating + Capital)
$1,170.5 $1,766.7 $1,665.8 $1,671.0 $1,515.0 $1,349.2 $1,309.6
Capital Funding Source / (Uses) and Intergovernmental Revenue Bonds $0.0
$71.9 $355.7 $390.1 $577.0 $445.1 $406.1
Surety Policy
- -
(0.1)
(0.6)
(0.7)
(1.0)
(0.8)
(0.7) (13.4)
FSK LOC Defeasance
-
-
-
(260.0)
(154.8)
MDOT Loan Repayment - Principal
1.5
1.5 5.0
1.5
1.6
1.6
1.6
1.6
I-895 Federal Grant
-
25.0
50.0
- - - -
- - - -
- - - -
I-95 Interchange Partner Contribution Key Bridge Property Insurance
11.8 350.0
- - - -
- - -
- - -
Key Bridge Line of Credit Key Bridge Federal Grant
-
428.2
60.0
458.2
386.5
325.3
168.3
13.4
-
-
-
-
-
Accrual Accounting Reconciliation
-
Total Current Year Sources (Uses) Available
423.3
506.5
839.8
827.5
642.9
459.4
407.0
902.6
825.9
843.5
872.1
889.8
Annual Cash Requirements
747.1 1,260.2
Annual Cash Surplus/Deficit
$76.2 ($438.0)
$0.0
$0.0
$0.0
$0.0
$0.0
Total Cash Balance
$871.0 $433.1 $433.1 $433.1 $433.1 $433.1 $433.1
Bonds Outstanding
$2,072.2 $2,516.8 $2,821.3 $3,157.1 $3,415.0 $3,632.3 $3,936.2
Financial Coverage Ratios Unencumbered Cash ($400M minimum) Debt Service Coverage (>2.0x) Rate Covenant Compliance (Legal - 1.0x)
$838.0 $400.0 $400.0 $400.00 $400.0 $400.0 $400.0
2.6 2.0
2.4 1.8
2.1 1.7
1.9 1.5
1.7 1.3
1.5 1.2
1.4 1.1
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