Developing the Capital Plan and Managing Debt

Provides a funding strategy for maintaining a community’s capital assets.

A capital improvement program provides a blueprint for planning a community's capital expenditures and is one of the most important responsibilities of local government officials. It coordinates community planning, financial capacity, and physical development. Often times, especially for larger capital projects, communities need to borrow money for financing purposes. These resources are intended to assist communities in developing their own capital planning and debt issuance processes.

Table of Contents

Who is involved with this process

Introduction to debt

Borrowing procedures

Credit ratings

Long and short-term debt

State house notes

State oversight

Capital planning

Tax exempt lease purchases (TELPs)

Financial forecasting


Enterprise funds


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