How often is the capital plan required for populations over 10,000?

For municipalities with populations exceeding 10,000, the capital plan must be updated and submitted every 6 years. This requirement is established to ensure that larger communities have a structured approach to managing their infrastructure needs and investment strategies over time. A 6-year cycle allows for comprehensive long-term planning that aligns with funding cycles, project timelines, and community needs assessments.

The capital plan serves as a crucial tool for local governments to prioritize capital projects, assess the financial implications, and ensure that they can adequately support and maintain essential services and facilities. By requiring updates every 6 years, municipalities are encouraged to regularly evaluate their priorities in light of evolving circumstances and community feedback. This frequency strikes a balance between ensuring timely updates while allowing sufficient time for the planning and implementation of complex capital projects.