From BikePortland.org:

Landmark decision gives bike projects regional funding priority

Posted by Jonathan Maus (Editor) on March 14th, 2008 at 3:07 pm

The wheels of change continue to spin toward a more balanced transportation system in our region. Yesterday, Metro’s Joint Policy Advisory Committee on Transportation (JPACT), for the first time ever, voted unanimously to put bicycle and pedestrian projects at the front of the line to receive funding through a major federal funding allocation process. The vote came at a meeting of JPACT at Metro headquarters, where committee members began the process of deciding how to allocate the nearly $60 million in federal funding that is awarded to our region every two years as part of the Metropolitan Transportation Improvement Program (MTIP).
Click here to read the rest of the story on BikePortland.org