A state commission is placing Greensboro on its list of governments to financially monitor after the city’s fund balance fell short. Now, officials are considering possible cuts.
The city council held an emergency meeting to discuss Greensboro being added to what’s called the Unit Assistance List.
Assistant City Manager Larry Davis explained that for years the state’s Local Government Commission has wanted the city to have a 25% fund balance. It’s like an emergency fund. But Greensboro hasn’t reached that goal…