2023 Budget and Assessments
The board has prepared and approved the 2023 budget. Notably, this budget included a $2/month increase to each homeowner’s monthly assessments (dues). Starting in 2023, the new quarterly assessment will be $144 /month ($48 per month). A primary consideration for this assessment increase is the incremental increase to common area maintenance costs, such as sprinkler and landscaping which has been affected by the hot dry summer. The 2023 budget also includes an increased monthly contribution to the HOA’s reserve account, which will be used to fund longer term projects such as new tree plantings or monument renovations. For the past several years, increasing water rates have had a major impact on the budget. In 2023 we expect the water bills to increase by 3%.