Quote:
Originally Posted by Topspinmo
Didn’t they remove cap?
So who going to pay for all golf course repairs next year? How else are going to get that money from residents? Then, amenities going to go up? Where else is millions going to come from?
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The amenity fee will go up with the annual CPI adjustment, no more than that.
The money will come from the R&R (repair and replacement) fund, as it always does for this kind of work. That's what it's there for.
Additions to the R&R fund is included in every year's budget, as are withdraws.
The annual deferral rate was eliminated because prices continue to rise but revenue did not, we were 2-3 years away from having to withdraw from the R&R fund and apply it to the general fund budget just to cover operating costs (not adding additional to the R&R fund)
__________________
Don Wiley
GoldWingNut (a motorcycle enthusiast not a gilded fastener)
A student of The Villages, its history and its future.
City of Wildwood
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Society is produced by our wants, and government by wickedness; the former promotes our happiness positively by uniting our affections, the latter negatively by restraining our vices. -
Thomas Paine, 1/10/1776