If Reston Association maintains an assessment of $708 for 2021, members could see a fee increase of up to $100 in 2022, according to CEO Hank Lynch’s meeting materials.
RA’s Board of Directors will hold a public hearing tonight to discuss the proposed assessment of $708, which was pitched by Lynch. At the board’s request, RA is considering a possible increase of up to $728. Some board members hope a slight increase this year will prevent higher increases in the coming years.
Much of the budget’s assumptions rest on unclear factors. For example, the impact of the coronavirus pandemic is unknown.
An assessment of major capital needs is due from RA’s Recreational Facilities Working Group. The assessment will be used to determine RA’s future capital needs and projects’. Impact on the 2022 assessment rate.
Lynch has proposed deferring many expenses to 2022 and beyond. Roughly $1.3 million in capital work has been deferred to future years. No staff merit pay increases as planned as part of the 2021 budget.
The budget hearing will begin at 6:30 p.m. today.
The Reston Association Board of Directors will hold a special meeting on November 4 at 6:30 pm for a Public Budget Hearing.
— Reston Association (@RestonOnline) October 6, 2020