Small City Preservation Program
Description
The Legislature created the Transportation Improvement Board to foster state investment in quality local transportation projects. The TIB distributes grant funding, which comes from the revenue generated by three cents of the statewide gas tax, to cities and counties for funding transportation projects. TIB's grant programs are catagorized by the type of customer agency each program is intended to serve. This program provides funding for chip seal and overlay of existing pavement and sidewalk maintenance in incorporated cities and towns with populations less than 5,000. Funds are not distributed regionally, rather, funding is targeted for road maintenance opportunities across the state.
Condition ratings, economies of scale, and assessed valuation of cities are all considerations in amount of funds provided.
Required match for this program is based on assessed value as follows:
10% match for cities over $500 million
5% match for cities over $100 million
No match is requested for valuations under $100 million