City Chief Financial Officer Barbara Whitehorn proposed that Asheville institute a program of regularly issued general obligation bonds to support capital improvement projects, while Council member Julie Mayfield discussed a property tax increase to boost Asheville’s operating budget.
Taken together, the adjustments on the docket would generate nearly $1 million in new annual revenue for water operations and capital improvements. In a staff report issued before the meeting, city CFO Barbara Whitehorn estimated the total annual impact of the changes as $6.60 per household.
At a budget work session on March 26, city CFO Barbara Whitehorn reported that Asheville can expect to receive $2.5 million in property and sales taxes from the health system in fiscal year 2019-20 — only half of the $5 million initially estimated by the Buncombe County tax office — then $5 million instead of $8 million for every year to follow.
Asheville City Council will be asked to add its piece of a $39.7 million redevelopment puzzle on Tuesday evening. The 2016 General Obligation Housing Bond will provide $1.82 million, while $1.38 million will come from the city’s general fund and $1 million will be spent from the Affordable Housing Capital Improvement Program.
City Manager Debra Campbell called the Feb. 12 capital budget briefing “food for thought” as she encouraged Council members to focus and prioritize their objectives. “This is why we’re presenting this information,” she said. “We’ve got some tough decisions that we need to make over the next several years.”
Beginning Aug. 28 and continuing through Tuesday, Dec. 11, a series of monthly meetings will explain to City Council members and the public how Asheville allocates over $180 million to provide a range of services. The first session set the general context for the budget through a discussion of community demographics and major city revenue streams.
A day after students at Asheville City and Buncombe County Schools return to their studies, Asheville City Council is scheduled to brush up on its own ABCs — as well as its AAs, BBs, and CCs. The consent agenda for Council’s upcoming regular meeting on Tuesday, Aug. 28, at 5 p.m. in council Chambers exhausts the standard alphabet, forcing three entries to take on double letters in a collection of 29 items.
No additional changes made their way into this year’s budget as Council decided to adopt the ordinance in a 4-3 vote. Mayor Esther Manheimer, Vice-Mayor Gwen Wisler, and Council members Vijay Kapoor and Julie Mayfield all voted in support of the budget. Members Brian Haynes, Sheneika Smith and Keith Young voted against the plan; all three had shown hesitation about a police funding increase during previous work sessions.
On Tuesday, June 19, Council will put the result of its planning process to the test as its members vote to adopt the proposed budget. The document must account for $180,388,554 in spending, enough to fund the current work of over 1,200 employees and invest millions in the city’s future.
In a move estimated to yield an additional $800,000 of annual revenue, Council unanimously decided to provide free parking at city parking decks only for vehicles that exit within one hour.
Asheville City Council will pull a doubleheader on Tuesday, April 24, as it grapples with how to address a projected deficit of $2.2 million for the budget for fiscal year 2018-19, which begins on July 1. The Council begins at 3 p.m. with a budget work session in the First Floor North Conference Room of […]
With the potential of tax revenues from the proposed acquisition of Mission Health by a for-profit company looming on the horizon, members of City Council’s Finance Committee heard several proposals on March 29 that would help balance the city’s FY 2018-19 budget.
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.