ASHEVILLE, N.C. (828newsNOW) — Asheville leaders have narrowed a more than $30 million budget gap for the upcoming fiscal year to about $10.5 million following months of budget work sessions, a city official said Wednesday.
Budget and Performance Manager Lindsay Spangler said the reduction reflects updated revenue projections, department savings and changes in several major cost estimates.
“We came in January with a $30 million gap,” Spangler said in an interview. “Now we’re at about $10.5 million. That’s a typical part of the process. You start with early estimates and then refine them as you get new information and look for savings.”…