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Asheville staff outline $40 million Helene recovery tab, recommend 0% state cash‑flow loan
Summary
City staff told the Asheville City Council at a budget work session that Helene recovery costs committed so far total about $40 million, roughly half in the water fund; staff recommended accepting a $2.8 million zero‑percent state loan to ease cash flow while FEMA reimbursements are processed.
At a City of Asheville budget work session, finance staff reported that the city has committed about $40 million for recovery from Storm Helene and recommended the council approve accepting a $2.8 million, zero‑percent, five‑year loan from a state emergency cash‑flow program to bridge reimbursements.
City Manager Deborah Campbell and Finance Director Tony McDowell said roughly $19.8 million has been paid to vendors so far and about $20 million remains encumbered on contracts, producing the $40 million figure. McDowell and…
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