The board meeting addressed several key operational and financial matters. The board approved contracts for engineering joint ventures under MDTA 2 2024-01A. The budget director presented a detailed review of the fiscal year 2026 operating budget, analyzing variances between budgeted and actual performance, including specific savings and deferrals in categories such as education and travel. Additionally, the capital program manager provided a review of fiscal year 2026 capital budget spending across various projects. Finally, the board received a quarterly update on traffic and revenue, highlighting an increase in collected revenue attributed to Easy Pass and administrative toll collections.
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MDTA Financial Administrative Committee Finance and Administration Committee Meeting
The committee reviewed the budget execution for the 2026 fiscal year, comparing projected and actual expenditures. Key discussions focused on reasons for budget variances across multiple items, including staff overtime, IT services, property insurance, vehicle maintenance, and advertising costs. The committee also discussed strategies for future budget planning, specifically regarding lower-than-anticipated spending in some areas and unforeseen costs in others, such as software support and toll collection initiatives.
Sep 3, 2026·BoardMeeting
Board
Mdta Capital Committee Capital Committee Meeting
The committee discussed and approved the award of two contracts under procurement MDTA 2024-01A for comprehensive preliminary engineering and final design services. The first award is to a joint venture involving Stantech, Maiden Hunt, and RSNH, and the second is to a joint venture of Dubberry Engineers, Trans Systems Corporation, and Prime AE Group. Additionally, the committee acknowledged the departure of the Director of Engineering, who is transitioning to a public works leadership role in a Canadian municipality.
Aug 13, 2026·BoardMeeting
Board
Finance And Administration Committee Committee Meeting
The committee reviewed the status of the agency's financial asset investment portfolios, noting that they remain diversified and compliant with policy. Key discussions focused on the investment of significant settlement proceeds from litigation and the implementation of a laddered investment approach using various financial instruments. Additionally, the committee evaluated strategies for funding new debt service reserve funds, comparing the economic benefits of cash-funded reserves against surety insurance policies in preparation for upcoming bond issuance.
Extracted from official board minutes, strategic plans, and video transcripts.
