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Annual Report of the Comptroller, 1990
Volume 354, Page 84   View pdf image (33K)
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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 Ten Fiscal Years

(Expressed in Thousands) (1)

 

       

Year Ended

June 30,

       
 

1990

1989

1988

1987

1986

1985

1984

1983

1982

1981

Revenues:

                   

Taxes and fees:

                   

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

Other ............................

6,888

7,080

8,444

4,228

5,419

3,352

4,056

1,449

971

1,046

Transfer Maryland Transportation

                   

Authority .......................

                 

10,000

Total revenues ..................

929,330

927,720

874,732

759,696

711,100

667,822

640,186

512,708

467,468

451,534

Administration, operation and

                   

maintenance expenditures ...........

544,268

501,616

472,183

435,281

423,502

379,563

345,469

319,923

280,561

258,906

Less federal funds ....................

(16,791)

(17,567)

(17,771)

(20,801)

(19,648)

(21,245)

(20,274)

(19,221)

(30,394)

(35,160)

Total ..........................

527,477

484,049

454,412

414,480

403,854

358,318

325,195

300,702

250,167

223,746

Net revenues ...................

$401,853

$443,671

$420,320

$345,216

$307,246

$309,504

$314,991

$212,006

$217,301

$227,788

Maximum annual principal and interest

                   

requirements ......................

$69,034

$40,327

$33,594

$33,594

$25,175

$46,084

$53,008

$53,008

$50,325

$50,894

Ratio of net revenues to maximum annual

                   

principal and interest requirements ....

5.82

11.00

12.51

10.27

12.20

6.72

5.94

4.00

4.32

4.48

Ratio of taxes pledged to bonds to

                   

maximum annual principal and interest

                   

requirements ......................

8.28

14.41

17.18

14.30

17.43

8.75

7.08

5.61

4.88

4.65

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

 

Per Capita

School

Unemployment

Year

Population(l)

Income(2)

Enrollments)

Rate(4)

1990 ..........................

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

1986 ..........................

4,396,000

16,588

871,996

4.3

1985 ..........................

4,387,000

15,864

874,540

4.4

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

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.

84

 

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Annual Report of the Comptroller, 1990
Volume 354, Page 84   View pdf image (33K)
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