Water accounts for 19% of annual budget, our highest line item cost and one that should concern all of us. Not only does New study finds the Southwest might be facing ‘megadrought’, but because our community is aging, we face big ticket costs such as road replacement and painting. The money to pay these costs will come from us and our current budget won’t cover them.
Let’s make a conscious effort to be aware of our water consumption. Lowering our water costs can have a positive impact on our project reserves; thus, it can help toward reducing the need for an assessment increase and/or a special assessment.
Additional drought-related articles: