Budgeting – a word that evokes excitement for some and dread
for others.
To be the most effective with the money we have, everyone
must budget in some capacity. From the national level, to the state, right down
to each of us individually. Here at COMPASS, we develop a budget of
transportation projects— the Regional Transportation Improvement Program, or
“TIP.”
What is this budget for, you ask? The TIP is a multi-year
budget of transportation projects in Ada and Canyon Counties that expect
federal or state funds and/or are “regionally significant.” Essentially, it’s a
list of transportation projects with information on each project’s budget.
Each year, similar to those of you who budget, we update the
TIP. New projects are added and old projects are completed or removed. In most
cases, though, projects simply move from one year to the next as they work
their way to completion.
So, why does it matter? Well, we can ask the same of
personal budgeting.
Because it helps us all plan for the future.
Transportation projects are expensive, time consuming, and
often take years to plan and execute. By preparing in advance, we help to
ensure that a project has adequate funding and is on schedule when it’s time to
build. Plus…it is federally required. Federal funds cannot be spent on
transportation projects without first being budgeted in an approved TIP.
Until September 5, 2019, we will be collecting your feedback
on the budget for fiscal years 2020 - 2026. The projects in the budget are paid
for using your tax dollars and they
have the potential to affect you, your commute, and your quality of life. Are
these the transportation projects you think are highest priority? Are there specific
changes you would like to see made? Your comments are important to us.
Let us know by learning more about the
TIP, reviewing the proposed projects and changes, and submitting your comments
no later than September 5, 2019. The
COMPASS Board will be provided with all public comments before making any
decisions in October.
I encourage you to provide your feedback and share the
opportunity to comment with your neighbors, friends, and family. Enjoy the rest
of your summer, Treasure Valley!
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