What is the Capital Improvement Program?

What is the Capital Improvement Program?

Each year the City adopts an annual budget, which is an appropriation of public funds for the following fiscal year. Within each year’s budget, operational expenses and capital investments are included. In the fall of each year , budget preparation begins including work on the Capital Improvement Program (CIP). The CIP is a tool used to improve coordination in the timing of major projects, plan for capital replacement and major maintenance costs, and reduce fluctuations in the tax rate. The program is not a budget, but a road map to…

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