The short-range document is called a Transportation Improvement Program (TIP). The TIP includes a proposed listing of federal, state, and local money for highway, transit, bicycle and pedestrian projects during the next four years. The funding goes toward maintaining, operating, and expanding the transportation system.
The TIP translates recommendations from the long-range plan into a short-term program of improvements. The long-range plan identifies transportation improvements for the 20 years beyond the time frame of the TIP. As projects move from the conceptual into the implementation phase, they enter the TIP, which defines funding by fiscal year and funding source.
The TIP is not a “wish list” of projects, but rather must be fiscally constrained. This means that proposed funds in the TIP must not exceed the funds available over the next four years. The TIP is the region’s way of allocating these limited resources among its various capital and operating needs, based on a clear set of short-term transportation priorities.