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A capital improvement plan (CIP), or capital improvement program, is a short-range plan, usually four to ten years, that identifies capital projects and equipment purchases, provides a planning schedule and identifies options for financing the plan.
The two main examples of fees that impact fees have paved the way for are linkage fees and mitigation fees. Linkage fees are levied in some states (such as Massachusetts, New Jersey, and California) on nonresidential and market-rate multifamily residential projects, normally upon receipt of the building permit or prior to construction.
Furthermore, the term public works has recently been expanded to include digital public infrastructure projects. For example, in the United States, the first nationwide digital public works project is an effort to create an open source software platform for e-voting (created and managed by the Open Source Digital Voting Foundation). [2]
Tax increment financing subsidies, which are used for both publicly subsidized economic development and municipal projects, [2]: 2 have provided the means for cities and counties to gain approval of redevelopment of blighted properties or public projects such as city halls, parks, libraries etc.
California, for example, has loan programs charging low to no interest that rural hospitals can participate in, and hospital representatives are urging Colorado legislators to approve similar support.
Metropolitan Area Projects Plan (MAPS) is a multi-year, municipal capital improvement program, consisting of a number of projects, originally conceived in the 1990s in Oklahoma City by its then mayor Ron Norick. A MAPS program features several interrelated and defined capital projects, funded by a temporary sales tax (allowing projects to be ...
Downtown Revitalization is defined in terms of the North Carolina State Statute as projects that include, but are not limited to improvements in water, gas, storm, and sanitary sewer mains, power lines, improved lighting, streets and sidewalks (including easements and right of way), construction of walkways, pedestrian-friendly areas or malls ...
Since tax revenues fund government-backed grants for home improvements, they frequently have strict rules and auditing procedures. Many grants are competitive; even if you qualify for a grant, you ...