A: The Transportation Improvement Program (TIP) is a short-range capital improvement program that enumerates priority transportation projects in the Corvallis Metropolitan Area for funding. The TIP encompasses a period of four fiscal years (FY) and is updated every two years. The fiscal years described in the TIP are the federal fiscal years, which begin on October 1st of previous year and end on September 30th.
The TIP development process relies upon building consensus among federal, state and local agencies on funding priorities of near term transportation projects. These projects may range from improving highways to adding bicycle lanes on a major urban street; funding transit to preserving existing roads.
After the TIP document is completed and approved, it is incorporated into Oregonís Statewide Transportation Improvement Program (STIP). Projects are then eligible for funding through the Oregon Department of Transportation.