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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.
Impact fees are considered to be a charge on new development to help fund and pay for the construction or needed expansion of offsite capital improvements. [2] These fees are usually implemented to help reduce the economic burden on local jurisdictions that are trying to deal with population growth within the area.
Public works is a multi-dimensional concept in economics and politics, touching on multiple arenas including: recreation (parks, beaches, trails), aesthetics (trees, green space), economy (goods and people movement, energy), law (police and courts), and neighborhood (community centers, social services buildings).
Through the use of TIF, municipalities typically divert future property tax revenue increases from a defined area or district toward an economic development project or public improvement project in the community. TIF subsidies are not appropriated directly from a city's budget, but the city incurs loss through forgone tax revenue. [2]
Capital improvement plan, in urban planning; Citizen Information Project in the UK; Classification of Instructional Programs, US Department of Education; Commercial Import Program, US-South Vietnam; Competitiveness and Innovation Framework Programme of the EU; Combat Identification Panel, a US identify-friend-or-foe device; Continuation in Part ...
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 ...
The Market for Capital (the Loanable Funds Market) and the Crowding Out Effect. An increase in government deficit spending "crowds out" private investment by increasing interest rates and lowering the quantity of capital available to the private sector [sic]. Government spending can be a useful economic policy tool for governments.