A municipality with a population of 7,350 is required to adopt a capital budget program for how many years?

In the context of municipal budgeting, the requirement for a municipality to adopt a capital budget program is often based on its population size. For municipalities with populations between 5,000 and 10,000, the standard requirement is to develop and adopt a capital budget for a period of three years. This three-year timeframe allows municipalities to plan more effectively for long-term infrastructure investments and projects, since capital expenditures typically require more extensive planning and financing than day-to-day operational expenses.

Given that the population of 7,350 falls within this range, the requirement to adopt a three-year capital budget program applies. This approach supports strategic investment in public assets, ensuring that the municipality can allocate resources appropriately and prioritize projects over a longer horizon.