Greensboro officials are cutting more than $6 million from the budget in an effort to come off of a state financial watchlist.
Last month, the Local Government Commission (LGC) added Greensboro to its Unit Assistance List for repeatedly dipping into its fund balance, which is like the city’s emergency savings. Officials planned to use $6.3 million from that fund in the budget. That’s off the table now.
Assistant city managers are working with departments to identify potential cuts. Officials are also bringing in a consulting firm to conduct an external assessment of its financial structure…