ABSTRACT
This chapter illustrates how strategic planning may be conducive to more responsible and sensible capital budgeting. It discusses some important aspects of capital budgeting with cross-references to concepts and elements of strategic planning and management and special attention to possible implications for local governments. The chapter examines the possible relationship between an effort to integrate strategic planning and capital budgeting and the experience with the introduction of the planning programming budgeting system (PPBS). It addresses an earlier attempt to introduce an integrated system of management and financial control. The chapter focuses on an approach related to Chapman's work regarding the strategic relationship between budgetary and development decisions. It outlines the substance of the Florida Growth Management Act of 1985, and examines its implications for the formal integration of strategic planning and capital investment on the local government level.
