Capital Planning and Invest – A capital plan provides a link between the municipality’s strategic vision, its urban land use plan, and its annual budget. One recognized best practice in municipal fiscal management is for a city to undergo a typically annual exercise of preparing a multiyear capital improvement plan. This type of plan would identify anticipated public infrastructure and investment projects, as well as a financing approach. A capital investment plan would describe the city’s policies and financial abilities to manage the investment needs associated with its spatial development and built environment.