Selecting Capital Investment Projects for Local Governments |
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Authors: | Annie Millar |
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Abstract: | Faced with burgeoning infrastructure needs and circumscribed capital revenues, local governments must perforce set priorities among competing capital projects submitted by their operating agencies. This process involves value choices and political resolutions in addition to technical considerations. This article finds current priority-setting procedures in need of improvement and suggests a framework for local government assessment and selection of capital investment projects. |
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