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New county funding formula could add about $1.6M; board to request 10¢ supplemental millage restoration
Summary
CFO Heidi Kearns said the new Buncombe County funding formula is projected to bring Asheville City Schools roughly $1.6 million in additional local revenue (subject to county split and reassessments); the board agreed to ask county commissioners to restore a 10¢ supplemental millage as part of Thursday's presentation.
CFO Heidi Kearns briefed the board on the district's budget outlook for FY27 and a near-term FY26 amendment, noting a sizable change in the county's revenue estimate under a new local funding formula. "We look like we would have about $1,600,000 total new revenue come in for next year," Kearns said, while emphasizing the figure is subject to the county split with Buncombe County Schools and to reassessment appeals.
Kearns explained…
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