Most of a co-op’s or condo’s budget – roughly 80% – is eaten up by fixed costs, such items as taxes, insurance and staff payroll. Now more than ever, boards need to make sure they’re spending wisely on the sliver of the budget they can control. And one item that many boards view, wrongly, as a fixed cost is actually a source of potential savings: the humble utility bill. Read the article………………………….
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