How is the CIP developed?
• individual Funds’ CIP projects (these projects include certain smaller Street projects, some Park improvements, Sewer improvements, basically any capital project paid for out of a specific fund’s dollars). • CIP Sales Tax Projects (projects paid for out of the one-half cent capital improvements sales tax). Based on the half cent sales tax approved by the citizens through four successive elections (1993, 1998, 2003, 2008), a multi-year Capital Improvement Program document is prepared each year to update the priorities of the capital improvement plan and to ensure that financing can be supplied, and its effect on the current and future operating expenses can be identified. Individual fund projects are brought forward by departments as the need, and financing require.
