From my condo board experiences (outside of TV) the most common reason for large increases (although this doesn't appear that large) is previous board's failure to budget for Capital Reserve expenses, i.e. save up money for items that need costly repair/replacement 5-10-20 years from now. In my current "summer" condo, 30% of our monthly assessment is dedicated to Capital Reserve items. Keeps you from having to do a special assessment when the road needs significant repair or the roof needs to be replaced.
It would be interesting to know the Capital Reserves of the various TV entities.
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