Public Acceptance
Political Acceptance
CIPs provide a mechanism to help ensure that capital investment decisions are made considering fairness to all stakeholders in a community in terms of who incurs the costs and consequences of those decisions.
Some cities have gone a step further and added equity-specific indicators to measure how its CIP allocations are distributed within neighborhoods in their jurisdiction.
CIP can afford a community financial benefits, such as a good credit rating promoting economic development, spotting hidden costs or avoiding unexpected expenditures, and successfully competing for state or federal funds.
The cost challenge that communities may face in implementing a CIP, is that it requires a multi-disciplinary team skilled in financial management, project management, and public participation.
Managing, maintaining and monitoring a CIP also poses some administrative challenges. Implementing a CIP, particularly for the first time, requires a considerable amount of effort from local government officials and staff.
Over time, the process of updating an existing CIP (or developing a new one) becomes more familiar and less demanding.
