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TOTAL ROAD IMPROVEMENT PROGRAMS (TRIP)

Overview

According to the "California Statewide Local Streets and Roads Needs Assessment" Report, local agencies are currently facing a $73 billion street funding shortfall.  The Total Road Improvement Program ("TRIP") is a financing program that helps local agencies to "catch up" with their street repairs/transit projects by funding more projects upfront.  Through TRIP, local agencies borrow against their future local transportation sales tax revenues (counties with a dedicated, voter-approved, local transportation tax) at low interest rates for up to 30 years.

          Program Highlights                                                         

No General Fund Exposure                                                                                            
  • •No Voter Approval Required
  • •No Leased Assets Required
  • •Flexible Financing Terms
    •Potential for Economies of Scale
  •  
  • Proven Program
•15 Cities throughout California
•Over $200M of Projects Funded


TRIP Map

TRIP Territory.pdf

For more information, please  contact us.

FOUNDED AND SPONSORED BY
California State Association of Counties   League of California Cities