Over the 30-day period that began Feb. 27 and runs through March 26, the city and county are planning to issue a total of nearly $233 million in debt. With so much funding set to flow into local coffers, Xpress looked at what goes into a local government credit ratings and their influence on money management.
Buncombe County commissioners heard a presentation about a new tool aimed at giving the public more insight on finances and talked about tweaking the budget talks in the future.
After President Barack Obama’s visit earlier this week, an inevitable outpouring of attention from the national media followed. Here’s the facts — harsher and more fascinating — that they missed. Photo by Max Cooper.
After a 10-page report revealed the organization’s $3 million debt, Western Highlands Network faces another 10-page document: an extensive plan of correction from the state. However, if the managed-care organization doesn’t adhere to the recommendations, consequences could be great.
Asheville has one of the worst credit card debt problems in the nation, according to a study by the credit reporting agency Equifax. The report ranks the Asheville metro area the sixth worst in the nation, with the average resident carrying 16.12 percent of their annual income in debt.
