Asheville, June 5, 2024
News release from Buncombe County:
At its June 4 meeting, the Buncombe County Board of Commissioners held a public hearing on the proposed FY25 budget. No speakers registered for the public hearing. The FY25 budget across all annual funds is recommended at $628 million. The General Fund, the largest annual fund recommended at $441.9 million, includes:
The recommended budget includes a 4.89% cost of living adjustment for County employees based on a two-year average annual change in the Consumer Price Index – Urban Wage Earners & Clerical Workers. The recommended budget includes 30 new positions in the General Fund and three new positions in the Solid Waste Enterprise Fund.
Figuring a 1% increase in expenditures, the recommended budget includes a $3.7 million operating reduction for County departments from the FY24 amended budget and draws on $10.3 million in savings utilizing personnel strategies. The budget is balanced with an appropriation of $11.7 million of unrestricted fund balance and recommends a property tax rate of 52.35 cents per $100 of assessed property value, an increase of 2.55 above the current rate, generating $13.6 million in additional revenue.
Of that increase, 1.8 cents is for County operations and .75 cents will fund an increase to the local current expense for public K-12 schools. This increase on a home assessed at $400,000 would be an additional $102 in annual property taxes.
Of note, the FY25 recommended budget amounts for annual funds include:
The proposed budget will be voted on by the Board of Commissioners at its June 18 meeting. To view the full budget presentation, click here or go to www.buncombecounty.org/budget.
Mountain Xpress posts selected news and information of local interest as a public service for our readers. To submit press releases and other community material for possible publication, email news@mountainx.com.
Leaf Collection Kicks Off in Asheville! Asheville is buzzing with the sounds of fall! Starting…
Exciting Performances by American Ballet Theatre Studio Company in Houston Houston, get ready for an…
Asheville Woman's Incredible Birth Story Amid Hurricane Helene CHARLOTTE, N.C. — In a harrowing yet…
Asheville Steps Up to Help Homeowners After Hurricane Helene Asheville, a city known for its…
Hurricane Helene Recovery Efforts in Asheville Asheville, N.C. is buzzing with activity as local officials…
Asheville Ramps Up Efforts to Help the Unhoused Post-Storm Asheville, N.C. - It’s been over…