[Bogie Shooter]

Originally Posted by JourneyOfLife

What I have read is that it HOA and Condo Associations should have regular actuarial audits and projections of future expenses that are used as a guide to set fees and make sure future expenses are not a accumulating and end up in a future surprise special assessment.

IOW; in some cases it can be gamed by current owners to shift the payment into the future by voting to reduce current fees. When the infrastructure needs to be replaced, the future owners get the special assessment.

Apparently HOA and Condo associations have often differing laws in a state. Different states have different laws too.

You should be able to find out if the TV CCDs are audited by actuaries and projections done periodically. It is probably documented somewhere.

Some things are not as predictable; Changes to laws ( e.g., Biggert-Waters). Insurance companies exiting a state, Weather pattern changes, etc.

It can happen in local governments with taxes too. Look at the pension deficits.

However, IMO it is still something that most people should understand and have an awareness about.

If this is really a concern you have, I can direct you to the documents.