Asheville considers property tax increase amid $10M funding gap; What about pay raises?

Asheville considers property tax increase amid $10M funding gap; What about pay raises?

Asheville City Manager Debra Campbell will bring the proposed fiscal year 2025-26 budget to City Council May 13. What might be in it?

Asheville City Council members discuss potential property tax increase at CIBO meeting

The tax increase is one measure the city could take to maintain a fund balance equal to 15% of expenditures from its general fund, which finances the city’s day-to-day operations.

According to Simona Hornochová, the Director General of the Financial Administration (FS), any potential lawsuits against the state over the assessment of the property tax coefficient are due to the fact that the representatives of the municipalities did not sufficiently explain their decision in the justification. Mayors and associations of municipalities are consulting with the FS on the tax increase, Hornochová said in the program Otázky Václ…