What does it mean when a condo association want us to vote on whether or not to waive the reserves (FL)

Q: My condo association just passed this year’s budget and we received a notice that they want us to vote on whether or not to “waive the reserves.” Could you explain exactly what the reserves are for, what waiving them means, and the consequences for voting either to waive or not waive them?     Read the Q&A……………………………..

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