Budget and property taxes
Where it standsThe council closed a projected $30 million gap for fiscal 2026-27 and adopted the budget 4-3 in June.
What's on the tableThe next council adopts the 2027-28 budget and sets the property tax rate.
- Asheville faced a projected $30 million budget gap for fiscal 2027, closed through spending adjustments and changes to the property tax rate. Mountain Xpress · Sep 4, 2026
- The fiscal 2026-27 budget passed 4-3 with a general fund tax rate of $0.3769 per $100 of assessed value. Asheville City Council minutes, June 9, 2026 · Jun 9, 2026
- Voters approved $80 million in general obligation bonds in November 2024; the ballot estimated the debt would need a 2.58-cent tax rate increase. Asheville City Council minutes, March 24, 2026 · Mar 24, 2026