FY26 Transit Ridership Incentive Program (TRIP) Annual Report
Description
The Transit Ridership Incentive Program (TRIP) is a statewide grants program created by the General Assembly in 2020, which provides funding to transit agencies and governing bodies for the purpose of creating more accessible, safe, and regionally significant transit networks. TRIP promotes improved transit services across the Commonwealth and reduces barriers to transit use. More information about the TRIP grant can be found here.
TRIP is created by 33.2-1526.3 of the Code of Virginia, which establishes requirements of the program. This section also requires an annual report on the efforts funded by the TRIP Program. This report provides that annual update.
Process
The Transit Ridership Incentive Program has undergone numerous changes since it was established in 2020. Fiscal Year 2024 was the first year in which TRIP’s Public Safety and Passenger Amenity grants were awarded, in addition to TRIP Regional Connectivity and Zero and Reduced Fare grants.
Outcome
In Fiscal Year 2024, DRPT awarded approximately $27 million in TRIP grants to 34 projects across all four project categories. 19 of these TRIP projects were new projects in FY 24, with the remaining 15 multi-year projects initially awarded in prior years.