Groups are advocating a new 7-cent property tax on downtown business plus $400,000 annually from the City of Asheville and Buncombe County. It is expected the 7-cent tax alone would raise $500,000 annually, and economic multipliers would, well, you can probably guess the results to the penny. The tax is for a business improvement district, a zone in which a special tax is collected to perform basic city services when the city is too poor on account of chasing synergies and other very exciting things.
by Leslee Kulba
Wild West blogger