Asheville City Council pondered the effect of an average 25 percent increase in the value of property in the city, along with the impact of a $74 million bond referendum, at its first of three work sessions dedicated to drafting the city’s budget for the 2017-18 fiscal year on Tuesday, March 14.
Through their elected leaders, Asheville voters will now have more say-so over development projects downtown and new hotels citywide.
Has Asheville recovered from the trauma of its municipal debt crisis, which spanned the years between 1930 and 1976? The debt had a profound impact on Asheville’s development, its cityscape and, lastingly, its appetite for municipal debt. This year’s $74 million bond referendum will put the city’s confidence to the test when it asks voters to choose whether it’s time for the city to borrow again to finance growth.
City Council is unified in its support for a $74 million bond referendum, which will be put to the voters on November’s general election ballot.
City Council will hear public input on a proposed $74 million bond referendum at its Aug. 9 meeting — but all Council can do in response to those comments is vote for or against including each of the three bond categories on the general election ballot in November. The deadline to adjust the total borrowing amount in each category was July 26.
The Governance Committee of City Council voted on Monday, June 13 to move forward with exploring a potential city bond referendum that would appear on November’s general election ballot.
On May 10, City Council heard presentations from city CFO Barbara Whitehorn on the proposed budget for the upcoming fiscal year, as well as short-term bonds that will finance $46 million in capital improvement projects during construction. Council also heard from a group of A.C. Reynolds High School students who are asking for a bus connection to the city’s transit system.
The march toward a city budget for the upcoming year continues with a financial update on the third quarter and a presentation of the proposed fiscal year 2016-2017 budget by Asheville CFO Barbara Whitehorn.
On Tuesday, March 22, Asheville City Council approved fee increases that will have some impact on just about every resident’s budget, from fees for trash collection to automobile registration.
Asheville City Council approved a public visioning process to solicit broad community input on the future use of city-owned property across from the U.S. Cellular Center and the Basilica of St. Lawrence. Council also voted to demolish a city-owned building adjacent to the area at 33-35 Page Avenue. The building was the headquarters of the Asheville Sister Cities organization before the structure was condemned in November last year.
Wrap up of key City Council decisions from Jan. 12 meeting, including renovation of the former BB&T building, preliminary utility fee waiver for Lee Walker Heights redevelopment for purposes of securing financing, Givens Estates Creekside redevelopment approval and the apparent end of the line for the effort to save the Collier Street Wood on Asheville’s South Slope.