The MDTA updates a six-year financial forecast twice a year. The six year period matches that of the six year Consolidated Transportation Program (CTP). These forecasts evaluate revenues and other funding sources together with projected operating and capital expenditures. The forecasts are a planning tool enabling the MDTA to evaluate its adherence to financial goals and legal requirements. The forecasts indicate the level of revenues necessary to adhere to the rate covenant included in the Trust Agreement and financial policy goals established by the MDTA Board, and thus are used to predict the potential need for future toll increases. The MDTA uses the forecasts to plan debt issuances, ensuring that debt-financed projects do not exceed the permitted statutory debt level or internal debt controls.
Pursuant to state legislation (Senate Bill 182, Chapter 567, Acts of 2008), since 2008, MDTA Members twice per year review and approve a then-current forecast, reflecting either the Draft six year Capital Program and Final Fiscal Year Operating Budget (July of each year) or the Final six year Capital Program and Draft Operating Budget (January of each year). These forecasts are submitted to the Maryland General Assembly.
- Financial Forecast - September 2024 (PDF Download)
- Financial Forecast - January 2024 (PDF Download)
- Financial Forecast - September 2023 (PDF Download)
- Financial Forecast - February 2023 (PDF Download)
- Financial Forecast - September 2022 (PDF Download)
- Financial Forecast - January 2022 (PDF Download)
- Financial Forecast - September 2021 (PDF Download)
- Financial Forecast - January 2021 (PDF Download)
- Financial Forecast - September 2020 (PDF Download)
- Financial Forecast - January 2020 (PDF Download)
- Financial Forecast - September 2019 (PDF Download)
- Financial Forecast - January 2019 (PDF Download)
- Financial Forecast - July 2018 (PDF Download)
- Financial Forecast - January 2018 (PDF Download)
- Financial Forecast - July 2017 (PDF Download)
- Financial Forecast - January 2017 (PDF Download)
- Financial Forecast - July 2016 (PDF Download)
- Financial Forecast - January 2016 (PDF Download)
- Financial Forecast - July 2015 (PDF Download)
- Financial Forecast - January 2015 (PDF Download)
- Financial Forecast - July 2014 (PDF Download)
- Financial Forecast - January 2014 (PDF Download)
- Financial Forecast - July 2013 (PDF Download)
- Financial Forecast - January 2013 (PDF Download)
- Financial Forecast - July 2012 (PDF Download)
- Financial Forecast - January 2012 (PDF Download)
Major inputs in the forecasts include traffic and revenue estimates, operating budget (actual + estimated future years), capital budgets, and debt service requirements.
Investment grade traffic and revenue estimates are generally prepared annually by MDTA's traffic and revenue consultants. These are prepared for legacy facilities (excluding the Intercounty Connector and the I-95 ETL project) and, separately for these two projects.
All Facilities:
- June 6, 2024 – FSK Bridge Collapse Traffic and Revenue Forecast Update (All Facilities) (PDF Download) – CDM Smith
- November 3, 2023 – Traffic and Revenue Forecast Update (All Facilities) (PDF Download) – CDM Smith
- November 2, 2022 – Traffic and Revenue Forecast Update (All Facilities) (PDF Download) – CDM Smith
- November 4, 2021 - Traffic and Revenue Forecast Update (All Facilities) (PDF Download) - CDM Smith
- November 6, 2020 - Traffic and Revenue Forecast Update (All Facilities) (PDF Download) - CDM Smith
- June 2, 2020 - COVID-19 Traffic and Revenue Forecast Update (All Facilities) (PDF Download) - CDM Smith
- October 28, 2019 - Traffic and Revenue Forecast Update (Legacy Facilities) (PDF Download) – CDM Smith
- October 23, 2018 - Traffic and Revenue Forecast Update (Legacy Facilities) (PDF Download) – CDM Smith
- November 1, 2017 - Traffic and Toll Revenue Forecast Update (Legacy Facilities) (PDF Download) - CDM Smith
- May 17, 2017 - 2017 Traffic and Revenue Letter Update (Legacy Facilities) (PDF Download) - CDM Smith
- December 2016 - 2016 Traffic and Toll Revenue Forecast (Legacy Facilities) (PDF Download) - CDM Smith
- May 9, 2016 - Traffic and Revenue Forecast Update, (Legacy Facilities) (PDF Download) - CDM Smith
- January 11, 2016 - 2015 Traffic and Toll Revenue Forecast Update (Legacy Facilities) (PDF Download) - CDM Smith
- May 22, 2015 - Traffic and Toll Revenue Forecast Update (PDF Download) - CDM Smith
- March 17, 2015 - Legacy Facilities (PDF Download)
- December 2013 - Legacy Facilities (PDF Download) - Jacobs Engineering Group
- December 2012 - Legacy Facilities (PDF Download) - Jacobs Engineering Group
- December 1, 2011 (revised February 6, 2012) - Legacy Facilities (all facilities except ICC & ETL) (PDF Download) - Jacobs Engineering Group
- October 28, 2019 – Final ICC 2019 Forecast Update (PDF Download) - CDM Smith
- November 1, 2018 – Final ICC 2018 Forecast Update (PDF Download) - CDM Smith
- November 1, 2017 - Final ICC 2017 Forecast Update (PDF Download) - CDM Smith
- May 11, 2017 - Letter Update (PDF Download) - CDM Smith
- November 30, 2016 - 2016 Toll Revenue Report (ICC) (PDF Download) - CDM Smith
- January 2016 - 2015 Toll Revenue Report (ICC) (PDF Download) - CDM Smith
- January 2016 - 2015 Toll Revenue Report (ICC) (PDF Download) - Appendices - CDM Smith
- June 3, 2015 - ICC Toll Revenue Report (PDF Download) - CDM Smith
- November 18, 2011 Letter Update (PDF Download) - Wibur Smith Associates
- June 10, 2010 Letter Report (PDF Download) - Wibur Smith Associates
- July 21, 2009 Letter Report (PDF Download) - Wibur Smith Associates
- October 22, 2019 – I-95 ETL T&R Update Existing and Extension (PDF Download) – Jacobs Engineering Group
- October 18, 2018 – I-95 ETL T&R Update Existing and Extension (PDF Download) – Jacobs Engineering Group
- November 1, 2017 - I-95 ETL Traffic and Revenue Update - Final Report (PDF Download) Jacobs Engineering Group
- May 12, 2017 - Traffic and Revenue Letter Update (I-95 ETL) (PDF Download) - Jacobs Engineering Group
- December 5, 2016 - 2016 Traffic and Revenue Update (I-95 ETL) (PDF Download) Jacobs Engineering Group
- February 08, 2016 - 2015 Traffic and Revenue Update (I-95 ETL) (PDF Download) - Jacobs Engineering Group
- June 12, 2015 - Traffic and Revenue Revised Toll Schedule (I-95 ETL) (PDF Download)
- December 2013 - I-95 Final Revenue Report (PDF Download)
Prior to the start of a new fiscal year, the MDTA prepares a preliminary budget in November and then finalizes the budget in June. The preliminary budget is incorporated into the Governor's Budget Book, reviewed by the Department of Legislative Services, and presented to Legislative budget and/or transportation committees.
See Operating Budget section for additional information.
The MDTA prepares a six-year capital budget, known as the Consolidated Transportation Program (CTP). The budget incorporates all major and minor projects. Major projects include those projects with an estimated cost in excess of $10 million. The MDTA prepares a draft CTP in September and the final CTP is submitted to the Maryland General Assembly in January.
See Capital Budget section for additional information.