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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.

TRIP has funded over $200 million of street/transit projects for over a dozen cities throughtout California.

Program Highlights
 
  • ​​No Voter Approval Required 
  • No General Fund Pledge Required 
  • "AA" Credit Rating & Flexible Financing Terms
  • Economies of Scale to Save on Financing Costs
  • Streamlined Documentation and Approval Process
  • Ability to Address Street Repairs Today at a Lower Cost

For more information, please contact contact us.

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