Every
year in the month of September, unit owners receive the details of the new
fiscal year, more or less with the same broken record blaming the unreasonable increases
in monthly “Maintenance Fees” on the dramatic rise in energy/hydro prices.
According to the operational doctrine of The Board and management experts who
prepare the budget, it is next to impossible to limit the increases to the
annual inflation rates published by “Statistics Canada”.
One
striking case study that seriously undermines the argument of The Board and the
management experts who prepare the budget on behalf of The Board, is the annual
budget increase of 2.76 per
cent http://www.cbc.ca/news/canada/toronto/toronto-police-budget-passes-1.3316592
adopted
by The Toronto
Police Services Board for the fiscal year 2015/2016.
The
Police force of the city owns a headquarter, dozens of police stations, labs,
warehousing facilities and all of them consume energy purchased at the same
commercial rate all consumers in Toronto (including our Board) are invoiced
for.
The “Owners
Alliance” has addressed to The Board, multiple times during the last few years,
the following question: “If the Federal Government of Canada can run the entire
country based on inflation figures published by Statistics Canada, why can’t
The Board limit “Maintenance Fees” increases to the same inflation figures?”
With the release
of the annual budget figures of The Toronto Police Services, we rephrase the
old question and ask our Board: “Why the five decision makers are refusing to confine
the increase of “Maintenance Fees”
to the same figure of 2.76% adopted by The Police Force, and spare us from the
heavy financial burden of contributing hard earned money to the deeply rooted
and well established unsustainable trend of 100% increase in “Maintenance Fees”
every 10 years???????????
Admin “The 215 Forum” © 2016
Admin “The 215 Forum” © 2016