[Goldwingnut]

Originally Posted by Daddymac

There is no cap on the residential fees that will be charged, and they can increase yearly. There is a cap on commercial properties … Guess who that benefits?

The cap is on all properties and doesn't distinguish between residential and commercial properties, if a property is worth more than $10M, it is capped. There's no use discussing residential properties being capped because there aren't any anywhere near the value and only a hand full of commercial properties that meet the bar for a cap, and all of these have monitored fire alarms system and are sprinklered which reduce their risk. NFPA 72 mandates many measures in addition to these that help to mitigate fire risks in buildings. Once again, this is a common and normal practice for large commercial buildings to limit fire assessments. The total impact of the cap is a tiny portion of the almost $27M total VPSD budget.