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RA Assessments to Rise to $590 in 2013
Reston Association Board votes for lowest option but faces unknown expenses.
The Reston Association Board of Directors voted on Thursday to set annual assessments at $590 for 2013, a $25 rise from 2012's $565 payment. The amount — the same as the number approved in the biennial budget in 2011 — is the lowest of the three options the board discussed. The board could have voted on an assessment of $595 or $600. Additionally, the board voted to set assessments at $580 for federally/state subsidized units and $260 for households that get Fairfax County tax relief. RA CEO Milton Matthews, who is not a voting member of the board, advocated to set the amount at $595. "We are going to be stretched at $590," he said prior to the vote, pointing out an expected $100,000 deficit from this year's expenses. "It is going to be …
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Mike Collins
3:01 pm on Saturday, December 1, 2012
Jim - The current governing documents, as approved by voters in 2006, allow for automatic increases of the greater of 4.5% or the Employers Cost Index from a base rate of $461. So the current maximum assessment is $627, but we set it at $590 based on actual costs, not some automatic formula. Salary increases are merit-based only and are capped at 2% and HR is only about half the overall budget. … more ›