Explain the purpose of a capital improvement plan and how it is developed.

The main goals of a capital improvement plan are to establish projects on capital improvement, forecast sources for funding, provide a timeline for implementing specific improvements, and properly prioritize improvements according to the available funding. A capital improvement plan makes a connection between community goals and public spending priorities as well as the comprehensive plan. The capital improvement plan is developed by taking into consideration the future growth trajectory and, foremost public improvements needed to be done.

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Academic.Tips. (2022, October 9). Explain the purpose of a capital improvement plan and how it is developed. https://academic.tips/question/explain-the-purpose-of-a-capital-improvement-plan-and-how-it-is-developed/

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Academic.Tips. 2022. "Explain the purpose of a capital improvement plan and how it is developed." October 9, 2022. https://academic.tips/question/explain-the-purpose-of-a-capital-improvement-plan-and-how-it-is-developed/.

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Academic.Tips. "Explain the purpose of a capital improvement plan and how it is developed." October 9, 2022. https://academic.tips/question/explain-the-purpose-of-a-capital-improvement-plan-and-how-it-is-developed/.

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