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