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.To continue reading this article visit page 6 (with subscription).To continue reading this article visit page 6 (without subscription).