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………….

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