ASHEVILLE, N.C. (828newsNOW) — Asheville city officials on Tuesday warned of a projected $30 million budget gap as they opened the city’s fiscal year 2027 budget process months earlier than usual, citing rising costs, limited revenue growth and the inability to rely further on one-time fixes.
During a special City Council work session, Budget and Performance Manager Lindsay Spangler said the city faces “a larger than usual gap between revenues and expenses,” prompting staff to begin budget discussions well ahead of the June adoption deadline.
“We wanted to start this process now because of what we’re seeing,” Spangler said. “There could be a larger-than-usual gap between revenue and expenses, and we want to talk through how we got here and what options are on the table.”…