Definitions for "Capital Improvement Program"
a program that spaces projects over several years, allowing municipalities to stay within their debt limit.
A long-range plan of proposed Capital Improvement Projects with single and multiple-year capital expenditures. The CIP is updated annually. Appropriations for each approved project are presented in the annual budget. Some projects may span more than one fiscal year.
is a program adopted by a government agency which prioritizes individual capital improvement projects which are to be constructed over a certain period of time, based upon funding which has been, or will be, allocated.