UDOT Fund Fact Sheet
Program Development & STIP • Spring 2020
TRANSPORTATION INVESTMENT FUND (TIF) FUNDING
State Year: July 1
TIF funding is primarily used for improving or optimizing capacity. Projects built using TIF funding also qualify for maintenance using TIF funding.
Programmed Funding 2021: $779.6 million 2022: $551.9 million 2023: $476.3 million 2024: $384.5 million
CONTACT
Ben Huot 801 965-4913 bhuot@utah.gov
ACCOMPLISHMENTS The TIF has funded many projects that are important to current and future mobility needs, including the Mountain View Corridor, a planned freeway in western Salt Lake County and northwestern Utah County. MVC will have phased implementation to address short-term regional needs, and will eventually be a 35-mile freeway from I-80 in Salt Lake to Lehi Main Street. Other recent projects: Santaquin Main Street, Phase 2 SR-145, Pioneer Crossing Extension SR 26, Riverdale Road over the Rail Road, I-15, Payson to Spanish Fork
Mountain View Corridor in Salt Lake County, 5400 South to 4100 South — Major construction has begun between 5400 S. to 4100 S. This segment of construction will build the outside lanes of Mountain View Corridor from 5400 South to 4100 South in the initial construction phase, connecting to the already open section of Mountain View Corridor. The 4100 South and 5600 West intersection will also be reconstructed.
The TIF capacity program was created in the 2005 Special Session by House Bill 108 and contains revenue from legislative appropriations, sales tax and vehicle registration fees. In 2005 8.3 percent of sales tax revenue and half of auto-related sales tax was added and in 2011, 30 percent of sales tax growth was added. Future maintenance projects on TIFF facilities can be funded by TIFF funds. Once projects funded by the Centennial Highway Fund and Critical Highway Needs Fund are complete, the remaining balance transfers to the TIF.
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