Greensboro Says State Review Confirms City Is Financially Healthy Despite Assistance List

GREENSBORO, N.C. — Greensboro officials are offering additional context on the city’s placement on North Carolina’s Unit Assistance List, saying Local Government Commission staff have confirmed the city remains financially healthy overall.

The update follows a Sept. 3 emergency City Council meeting and conversations between City Manager Nathaniel “Trey” Davis and staff with the Office of the State Treasurer and Local Government Commission.

According to the City, state staff said Greensboro’s inclusion on the list should not be interpreted as a finding that the city is insolvent or facing an immediate cash emergency. The issue is focused specifically on the size of the General Fund’s available balance compared with operating expenditures.

Greensboro ended fiscal year 2025 with an available fund balance of $98.265 million, equal to 22.9% of operating expenditures. The city had previously committed to reaching a 25% available fund balance by 2030, and officials say the LGC now wants that target reached sooner.

Mayor Marikay Abuzuaiter said the clarification shows Greensboro remains financially healthy, while Davis said the finance team will work on an accelerated plan to close the reserve gap. City officials say they will continue providing updates as that work progresses.

This is a material follow-up to the city’s Sept. 3 announcement that Greensboro would be added to the Unit Assistance List.