Hendersonville Finance Committee 11/10/2026

The City of Hendersonville Finance Committee met on November 10, 2026. Finance staff reported local-option sales tax revenue tracking about 2–2.5% above budget and projected Public Improvement Program (PIP) sales-tax revenue about $500,000 above budget. The committee reviewed PIP project and purchase-order activity, including a fire engine that had recently arrived and for which the city had paid about $1 million; it was still being fitted for service. State Street Aid’s year-end fund balance was about $26,000, well below the roughly $450,000 state-recommended level. Staff noted that the fund also covers a public-works truck with a plow attachment, and discussed limiting new expenses while rebuilding the balance. Members favored making stormwater and impact-fee reports quarterly rather than including them in every monthly report.

The committee considered proposed Ordinance 2026-21 to establish nonresidential street and transportation impact fees, complementing the city’s residential impact-fee ordinance. The proposal uses rates by development type and floor area, with provisions intended to avoid fees on renovations that retain an existing footprint and to assess only added floor area in qualifying expansions. Members discussed effects on development and comparisons with voluntary developer contributions, but did not approve the ordinance or any procurement. On a motion, the committee voted to forward it to the Board of Mayor and Aldermen with a neutral recommendation for further discussion. The agenda and prior meeting minutes were also accepted.