“This could be a catastrophic change in revenue year over year,” said Mayor Esther Manheimer about projections for fiscal year 2021. “Before we start spending new money, I want to know if we’re going to see a little bit of a normalization on the horizon. I don’t want to be sitting here with a $20 million deficit in the next fiscal year.”
“Anybody that follows the economy or follows the news will tell you that there’s a big elephant in the room that we can’t measure, and we’re all thinking about it, and it’s going to affect your planning,” Tom Tveidt, president of SYNEVA Economics, told Council members at their March 13 annual retreat. “That being said, I think there will be a pre-coronavirus economy and a post-coronavirus economy.”
“This may hurt some feelings, but you can no longer operate the city of Asheville like it’s the Oprah Winfrey talk show, where you get a car and you get a car,” said Council member Keith Young, referencing the daytime TV host’s famous giveaways. “As much as we love all these programs and trying to help the public good… this is the time to close the bank.”
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.