AB 952 California Assembly Bill - INTRODUCED
Existing law places
specified limitations on the amount by which the board may increase
regular assessments, and levy special assessments, without a vote
complying with certain procedural requirements. Existing law exempts
assessments for emergency situations, as described, from these
limitations.
This bill would, in addition, prohibit the board of directors from
imposing a special assessment, including an emergency assessment, or
an increase in the regular assessment of more than 2% on units that
are required by law to be provided to low- or moderate-income
purchasers without a vote of the owners of those units in accordance
with specified procedural requirements.
So now the California legislature is prepared to exercise its judgement on how and when an association should pay its bills. 2% per year results in continually decreasing spending power as the CPI has been historically substantially more than 2%.
ReplyDeleteMaybe this would make more sense to me if we could get the 50 state legislatures and the federal congress to agree to a 2% cap on the growth of government budgets and our taxes.