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STATE OF MARYLAND
Schedule of Taxes Pledged to Consolidated Transportation Bonds and Net Revenues as Defined for
Purposes of Consolidated Transportation Bonds Coverage Tests
Last Six Fiscal Years
(Expressed in Thousands)(1) (2)
Year ended June 30,
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1982
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1981
|
1980
|
1979
|
1978
|
1977
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|
Revenues:
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|
|
|
|
|
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Taxes and fees:
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|
|
|
|
|
|
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Taxes pledged to bonds ...............................
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$245,732
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$236,588
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$216,428
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$227,546
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$216,734
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$189,864
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Other taxes and fees .................................
|
102,956
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105,680
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59,926
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61,094
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59,211
|
56,801
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Total taxes and fees ..............................
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348,688
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342,268
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276,354
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288,640
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275,945
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246,665
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Operating revenues ....................................
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96,548
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87,912
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80,073
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67,463
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61,368
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54,978
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Investment income ....................................
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21,261
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10,308
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3,616
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5,682
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7,568
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6,245
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Other .................................................
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971
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1,046
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1,299
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796
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670
|
776
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Transfer — Maryland Transportation Authority ......
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10,000
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13,000
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Total revenues ...................................
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467,468
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451,534
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374,342
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362,581
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345,551
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308,664
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Administration, operation and maintenance expenditures
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280,561
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258,906
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221,438
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192,828
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170,235
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154,788
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Less Federal funds .......................................
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(30,394)
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(35,160)
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(16,288)
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(24,191)
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(11,973)
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(20,386)
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Total ...........................................
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250,167
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223,746
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205,150
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168,637
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158,262
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134,402
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Net revenues ....................................
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$217,301
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$227,788
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$169,192
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$193,944
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$187,289
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$174,262
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Source: Office of the Secretary of the Department of Transportation.
(1) Under the terms of the bond authorizing resolutions, additional Consolidated Transportation Bonds may be issued, provided, among other conditions, that
(i) total receipts, less administration, operation and maintenance expenditures for the preceding fiscal year equal at least two times maximum annual debt
and any then outstanding Maryland Port Authority Loans.
Maximum annual principal and interest requirements on outstanding Consolidated Transportation Bonds and Maryland Port Authority Loans amount to
$50,325,000 occurring in the fiscal year ending June 30, 1982. Net revenues at June 30, 1982 were $217,301,000 or 4.32 times maximum principal and
interest requirements. Pledged taxes at June 30, 1982 were $245,732,000 or 4.88 times maximum annual principal and interest requirements.
<2) Information is not available prior to 1977.
STATE OF MARYLAND
Schedule of Demographic Statistics
Last Ten Fiscal Years
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Fiscal
Year
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Population(1)
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Per Capita
Income(1)
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School
Enrollmen(2)
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Unemployment
Rate(1)
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1982
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N/A
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N/A
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925,622
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N/A
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1981
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4,216,000
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$11,477
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950,548
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7.3%
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1980
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4,193,000
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10,399
|
971,236
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6.5
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1979
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4,149,000
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9,323
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1,000,435
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5.9
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1978
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4,148,000
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8,419
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1,028,402
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5.6
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1977
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4,139,000
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7,546
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1,040,163
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6.1
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1976
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4,125,000
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6,981
|
1,053,859
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6.8
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1975
|
4,111,000
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6,410
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1,049,546
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6.9
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1974
|
4,100,000
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5,974
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1,088,007
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4.7
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1973
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4,081,000
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5,465
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1,089,742
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4.1
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Sources:
(1) State "Official Bond Statement."
(2) State Departments of Education and Higher Education.
N/A—Not available at this date.
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