At its meeting on May 24, Asheville City Council passed $132.5 million dollar budget for fiscal year 2012 in a 6-1 vote. Mayor Terry Bellamy voted against the proposed budget citing concerns over the water-rate increase on commercial and industrial customers, the increase in the household recycling fee, the lack of a cost-of-living increase for city employees, and the city’s inability to meet their stated goal of keeping the reserve fund balance at 15 percent of the total budget. The budget contains no property or sales tax increases.