After keeping HOA dues at $330 per year for three consecutive years, the Board raised dues to $360 in 2022 to help keep the association in a strong fiscal condition while beginning the Major Improvements Plan.
As you know, inflation hit hard in 2022 and our association expenses were no exception to that. Given the fiscal position the HOA was in, the Board voted to delay this year's Major Improvement Plan project to keep dues flat again in 2023 to help families who have felt that pinch all year. Ultimately, we didn't want to raise dues late in the year with little notice.
We try to keep our annual assement low while providing the necessary services to our community to provide good quality of life and help keep our property values high. Our HOA dues are one of the lowest in the area and by far the lowest when you take into account all the assets and the amenities that our community has.
While we will continue to do everything we can to stretch each dollar out as far as it will go, we're at a time where we will not have any option but to raise the annual assessment for next year (2024). There are some important questions that we'd like the feedback of the entire HOA on.