What accounts for fee increases?
Your Board always tries to “hold the line” on fee increases. To avoid fee increases, our only options are to create a realistic budget, cut unnecessary services (where possible), and get services done as cost-effectively as possible. But, we cannot prevent inflation from increasing some of our costs; our association insurance has not dropped back to pre-911 levels; and we have been forced to borrow money to accomplish long-overdue repairs at a faster pace than fees can accomplish alone. The reality is that in spite of our best intention, periodic fee increases are inevitable.
