The Capital Improvement Plan (CIP) for the City of Murfreesboro is a 5-year, proposed plan for implementing capital projects and purchases, including public facilities, infrastructure improvements, major maintenance requirements and the acquisition of property and equipment.
The CIP includes projects and purchases which exceed $50,000 and have a useful life of at least five years. The CIP links the City's proposed plans to physical development and provides a mechanism for estimating capital projects. It also schedules projects over a fixed period with appropriate planning and implementation, budgets high priority projects and develops a project revenue policy for the proposed improvements. As a result, the CIP allows the City Council and our residents an opportunity to consider the short- and long-term capital construction and acquisition needs of the City.
The CIP is updated each year, following best practices for the financial solidity of the City. Annual updating allows for consideration of changing needs and priorities, emergencies, cost changes, mandates, and advances in technology. In addition, with our growing population, the annual update typically includes a consideration for additional or new facilities.