They are dropping the deferral rate....which means cap. There will be no cap as there is now, and that would be for all Villagers. The north of 466 thing refers to the fact that there are more people there paying lesser fees as they have lived there longer & started at a lower fee, and the rate can only go up yearly by the CPI increase. Before the proposed change they would top out at the deferral rate just like everyone else, but would just take longer to get there. Now there will be no deferral rate, or cap, to top out at...for anyone.
|