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Friday, June 12, 2020

A "Bare Bones" Budget

The Hendersonville Standard has the story of the city's initial budget proposal for FY21:

Hendersonville leaders on Tuesday voted 12 to 1 on first reading for a “bare-bones” 2020-2021 fiscal year budget that does not require a property tax increase, spends more than $4 million than it takes in, and leaves a projected end fund balance of $118,000.
Still, at a time when revenue is uncertain due to the impact of COVID-19, most of the city’s aldermen expressed relief at not having to ask for a tax increase as well as not having to lay off any of the city’s more than 300 employees.
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