“Asheville, NC 2010: A Financial Crossroads”

Posted on by Jason Sandford

Asheville City Council began its annual planning process Jan. 8, 2010, with a stark assessment from the city’s top management: The recession has exposed “structural weaknesses in the city’s financial foundation” that will require a long-term City Council strategy to repair.

In a white paper titled “Asheville, NC 2010: A Financial Crossroads,” City Manager Gary Jackson and the city’s top managers lay out the city’s history. The report, drawn up last Ocotober, explains how factors such as annexation, population growth and state and local tax structures have impacted city finances. The managers’ aim was to detail the disparity between the city’s goals and the funding it has to execute those goals. The seven-member City Council, which includes three new first-time members, plans to discuss the report on Jan. 9 as part of its retreat meeting.

Click here to download a PDF of the white paper.

Click here to download a PDF that shows the city’s strategic plans and the estimated cost of implementing each plan.

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