At a board meeting tonight, the Reston Association will decide whether to increase next year's annual assessment by $24 to $515. Given what sounds like a pretty tepid reaction during earlier public hearings, signs point to "yes."
Next year’s proposed rate increase was to be discussed at two recent public hearings on the budget, but Reston Association Chief Financial Officer David Hopkins said only one resident showed up for the meetings.Awkward!
The increase would be on top of a $16 increase that went into place this year. Blame the declining economy:
Last year’s assessment increase of $16, rather than the $8 increase that had been planned when the biennial budget was laid out in 2007, represented the first time that the association had amended a two-year budget before the second year began.The good news is that this weekend, you can see one of the things that extra $24 will help pay for if you attend the grand opening of the new Walker Nature Education Center from 1-5 p.m. Saturday. Our Facebook BFFs at the Observer got to go to some fancy elitist "sneak preview," which they used to make a totally rad Facebook photo gallery. It looks like a seriously awesome -- and long anticipated -- facility, but here's our favorite shot:
That increase was due to declining revenue resulting from the economic downturn. Federal subsidies for affordable housing were decreasing, investments were not paying off as expected, more households were qualifying for the association’s reduced rate and an increase in foreclosures was expected to affect the collection of dues.

Har, har. We kid because we love... the environment!




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