UpFront:
The Essence of a Capital Program
Wharton’s Administrator/CFO shares the borough’s approach to multi-year planning
A municipality in the state of New Jersey is required by statute to put together a capital program and capital
budget each year as a part of the budget process. If your municipality has a population over 10,000, then you are required to have a capital program of six years. If your municipality has a population less than that, you are required to have a three-year program.
The distinction between a capital program and capital budget is often confused. The capital program covers multiple years, while the capital budget covers the year of the
budget with which it is associated.
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