What is a Capital Improvement?
With all the talk lately about federal stimulus money for “shovel-ready” capital improvements, what is a capital improvement?

A public school’s Capital Improvement Plan (CIP) is a management tool for planning major projects that will be needed to house students adequately or to support the educational mission, including the maintenance of facilities.  It is a useful plan to coordinate the location, timing and financing of capital improvements over a multi-year period and refers to major, non-recurring physical expenditures such as land, new construction and equipment.   Read more. . ..