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The Village of Mount Prospect is operating under emergency protocols dealing with the COVID-19 virus. Village Hall, Public Works, Fire Headquarters and the Community Connections Center are all closed to the public through May 29. For the latest information go to the COVID-19 page or read the latest information in the News section.

Community Investment Program

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Community Investment
Program (CIP)

2019-2023 CIP
2018-2022 CIP
2017-2021 CIP
2016-2020 CIP
2015-2019 CIP
2014-2018 CIP
2013-2017 CIP
2012-2016 CIP
2011-2015 CIP
2010-2014 CIP
2009-2013 CIP
2008-2012 CIP
2007-2011 CIP 
2006-2010 CIP
2005-2009 CIP

The Community Investment Program (CIP) is our plan for capital expenditures/projects over the upcoming five years. We have defined capital expenditures/projects, in general, as the purchase or construction of long-lived, high-cost, tangible assets. For our purposes, “long-lived” implies a useful life in excess of one year. “High-cost” means that the project amounts to at least $25,000. “Tangible” assets exclude contractual services except those that are necessary for putting a tangible asset into service.

A project’s inclusion in the CIP does not, in and of itself, commit the Village to funding and accomplishing it. As stated above, the CIP identifies our capital needs. Available funds, taxing capacity, and debt capacity may require that some projects ultimately be deferred beyond the years in which they are initially programmed for accomplishment in the CIP. Even so, the CIP will have served its purpose as a planning tool. However, projects programmed for the first year of the CIP take on special importance because they must be addressed in the next year’s Village operating budget.

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