Jeffrey S. Rosen Samuel D. Snead, MCP, MA John F. von Paris Frank S. Waesche III
MEMORANDUM
TO :
MDTA Board
FROM:
Acting Capital Program Manager Jennifer Stump Draft FY 2027-2032 Consolidated Transportation Program (CTP)
SUBJECT:
DATE:
June 25, 2026
PURPOSE OF MEMORANDUM The purpose of this presentation is to seek your approval of the proposed Draft FY 2027-2032 Consolidated Transportation Program (CTP). The Draft CTP was recommended for approval by the Capital Committee on June 4, 2026, and by the Finance and Administration Committee on June 11, 2026. SUMMARY The six-year FY 2027-2032 budget in the proposed CTP is $8.9 billion. The proposed CTP reflects a net increase in the six-year FY 2027-2032 budget of $1.1 billion (Attachment #1 – Line 6). The net increase is the result of the following: • Increase in the six-year CTP budget by $385 million for the Francis Scott Key Bridge (Attachment #1 – Line 1). • Decrease in the six-year CTP budget by $6.4 million for the I-95 ETL Northern Extension (Attachment #1 – Line 2). • Increase in the six-year CTP budget by $262.9 million for all projects except Key Bridge, I-95 ETL Northern Extension, and Reserves (Attachment #1 – Line 3). • Increase in the Allocated and Unallocated Reserves by $429.2 million (Attachment #1 – Line 4). FY 2026 expenditures were $872.7 million vs. $1.3 billion in the Final FY 2026-2031 CTP (Attachment #1 – Line 6). FY 2026 underspending was $413.8 million and has been rolled over into the Draft FY 2027-2032 CTP. Highlights of project and reserve changes incorporated in the proposed Draft FY 2027- 2032 CTP are shown in Attachment #2.
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