Asheville City Council learned during an April 9 budget work session that a 4.11% pay raise for city employees next fiscal year would drive the city’s undesignated general fund balance below its preferred minimum.
Tag: fiscal year 2024-25 budget
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Buncombe begins 3-month budget approval process
County staff reported sales tax revenue growth continues to slow from a peak in 2022 and occupancy tax collections are down 3% year-to-date compared with last year. That, along with expiring funding from the American Rescue Plan Act has the county projecting essentially a no-growth budget.