PROACTIVE MOBILITY PLANNING A DYNAMIC FUTURE


Federal Funding for the Region


One of NYMTC’s primary functions is plan- ning for and making decisions on the use of available federal transportation funds. This function involves selecting and pro- gramming eligible transportation projects under various federal funding programs. The vehicle for enabling the use of federal funds for selected projects is the Transpor- tation Improvement Program, or TIP. The TIP is a five-year program of projects to be funded with federal resources. The adopted


TIP enables the funding to be used once the federal government obligates – or makes funding commitments to – individual proj- ects which appear in the TIP.


NYMTC’s current TIP covers federal fiscal years (FFYs) 2023 through 2027. As adopted in September 2022, the current TIP con- tained just over 1,000 projects throughout NYMTC’s planning area, with more than $36 billion identified for these projects.


11 ANNUAL REPORT 2024 | NYMTC


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