Multiyear urban programs are part of the overall framework of city planning and managing. These kind of programs are working as the means of linking the long term urban development plans and municipality annual budget. Coherent linkage between different kinds of urban plans guarantees the successful outcomes. In Iran, according to the Urban Development and Renovation Law, article 15 (approved in 1969), all municipalities have to prepare a five year plan for conducting the development and renovation operations in accordance to the city master plan. Based on these explanations, this paper tries to explore the necessities and different methods of mid-term city programs in the world and Iran with focus on case of Tehran Municipality. The article demonstrates that preparing mid-term program for municipality of Tehran with reference to Capital Investment Program approach can be appropriate for Tehran. This kind of plan can make linkage between newly approved city master plan and annual budget and illustrate a clear image of Tehran Municipality in future, besides the financial resources of capital projects.