Development of the TIP is financed by a combination of federal highway and transit planning funds and state and local matching funds.
Surface transportation projects in the TIP are financed under the following funding categories:
National Highway System
Surface Transportation Program
Railroad Protection / Hazard Elimination
Demonstration Program for Highways, Intermodal, and Railroads
Transit operating and capital projects are authorized under sections of the Federal Transit Act. Generally speaking federal funds account for 80% of the cost of each TIP project, state funds 10%, and local funds 10%.
The following entities are involved in developing the TIP: