Budget Season Is No Time for Wishful Thinking

When preparing budgets, boards should base hard decisions on hard figures.  It’s budget season. The time of year when boards confer with their managers, look to the past as a guide to the future, then make hard fiscal choices. This is not the time to indulge in wishful thinking.  All managers agree that unrealistic projections carry consequences. The board may avoid raising monthly maintenance or common charges, but it is only putting off the inevitable. If it doesn’t raise it two percent this year, then it will have to go up by four percent next year. And six percent the following year.     Read the article………….


Related Articles

Things your Board Should Look at Each Year

Managers and boards should always maintain an annual calendar of important events that take place every year like tree trimming,

Clark County (NV) assessor responds to article about taxes on HOA homes

Last week, I received a telephone call from Clark County Assessor Michele Michelle Shafe, in response to my article pertaining

Georgia Legislators Entangled in Downtown Airbnb Dispute

Landmark is a unique condo building in that the bylaws have no rental cap restrictions