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 Ten Fiscal Years
(Expressed in Thousands) (1)
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Year Ended
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June 30,
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1990
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1989
|
1988
|
1987
|
1986
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1985
|
1984
|
1983
|
1982
|
1981
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Revenues:
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|
|
|
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|
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|
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Taxes and fees:
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|
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|
|
|
|
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Taxes pledged to bonds ............
|
$571,567
|
$581,073
|
$577,224
|
$480,513
|
$438,886
|
$403,372
|
$375,075
|
$297,593
|
$245,732
|
$236,588
|
Other taxes and fees ..............
|
187,225
|
188,242
|
139,184
|
134,086
|
127,130
|
118,161
|
126,861
|
106,944
|
102,956
|
105,680
|
Total taxes and fees .............
|
758,792
|
769,315
|
716,408
|
614,599
|
566,016
|
521,533
|
501,936
|
404,537
|
348,688
|
342,268
|
Operating revenues .................
|
147,538
|
142,248
|
140,712
|
129,912
|
126,021
|
126,125
|
121,409
|
100,291
|
96,548
|
87,912
|
Investment income .................
|
16,112
|
9,077
|
9,168
|
10,957
|
13,644
|
16,812
|
12,785
|
6,431
|
21,261
|
10,308
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Other ............................
|
6,888
|
7,080
|
8,444
|
4,228
|
5,419
|
3,352
|
4,056
|
1,449
|
971
|
1,046
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Transfer Maryland Transportation
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Authority .......................
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|
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|
10,000
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Total revenues ..................
|
929,330
|
927,720
|
874,732
|
759,696
|
711,100
|
667,822
|
640,186
|
512,708
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467,468
|
451,534
|
Administration, operation and
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maintenance expenditures ...........
|
544,268
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501,616
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472,183
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435,281
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423,502
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379,563
|
345,469
|
319,923
|
280,561
|
258,906
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Less federal funds ....................
|
(16,791)
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(17,567)
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(17,771)
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(20,801)
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(19,648)
|
(21,245)
|
(20,274)
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(19,221)
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(30,394)
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(35,160)
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Total ..........................
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527,477
|
484,049
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454,412
|
414,480
|
403,854
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358,318
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325,195
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300,702
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250,167
|
223,746
|
Net revenues ...................
|
$401,853
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$443,671
|
$420,320
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$345,216
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$307,246
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$309,504
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$314,991
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$212,006
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$217,301
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$227,788
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Maximum annual principal and interest
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|
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requirements ......................
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$69,034
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$40,327
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$33,594
|
$33,594
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$25,175
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$46,084
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$53,008
|
$53,008
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$50,325
|
$50,894
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Ratio of net revenues to maximum annual
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principal and interest requirements ....
|
5.82
|
11.00
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12.51
|
10.27
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12.20
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6.72
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5.94
|
4.00
|
4.32
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4.48
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Ratio of taxes pledged to bonds to
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maximum annual principal and interest
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|
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requirements ......................
|
8.28
|
14.41
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17.18
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14.30
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17.43
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8.75
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7.08
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5.61
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4.88
|
4.65
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Source: The Secretary's Office of the Department of Transportation.
(1) Under the terms of the bond authorizing resolutions, additional Consolidation Transportation Bonds may be issued, provided, among other
conditions, that (i) total receipts, less administration, operation and maintenance expenditures for the proceeding fiscal year equal at least two times
maximum annual debt service on all Consolidated Transportation Bonds outstanding and to be issued and that (ii) total proceeds from pledged taxes
equal at least two times maximum annual debt service on all Consolidated Transportation Bonds outstanding and to be issued.
STATE OF MARYLAND
Schedule of Demographic Statistics
Last Ten Fiscal Years
Fiscal
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|
Per Capita
|
School
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Unemployment
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Year
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Population(l)
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Income(2)
|
Enrollments)
|
Rate(4)
|
1990 ..........................
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4,743,000
|
N/A
|
880,035
|
3.9%
|
1989 ..........................
|
4,579,000
|
$21,013
|
868,371
|
4.5
|
1988 ..........................
|
4,520,000
|
19,487
|
858,342
|
4.2
|
1987 ..........................
|
4,464,000
|
17,722
|
880,409
|
4.4
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1986 ..........................
|
4,396,000
|
16,588
|
871,996
|
4.3
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1985 ..........................
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4,387,000
|
15,864
|
874,540
|
4.4
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1984 ..........................
|
4,354,000
|
14,121
|
888,428
|
5.8
|
1983 ..........................
|
4,319,000
|
12,994
|
909,418
|
8.0
|
1982 ..........................
|
4,265,000
|
12,237
|
925,622
|
8.4
|
1981 ..........................
|
4,216,000
|
11,533
|
950,548
|
7.3
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Sources:
(1) Maryland Office of Planning, Planning Data Services, June 1990.
(2) U.S. Department of Commerce, Bureau of Economic Analysis.
(3) State Departments of Education and Higher Education.
(4) State Department of Economic and Employment Development.
N/A Not available at this date.
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