Governor signs community association pay bill | www.chesterfieldobserver.com | Chesterfield Observer: "Gov. Tim Kaine last week signed a revision of the Property Owners' Association Act (POAA) that allows members of community associations to get salary information for the top six persons earning over $75,000...The Community Association Institute opposed releasing salary information, saying community associations are private, non-stock corporations, which are not like governments. Last year, Brandermill Community Association President Joel Bradner called the change "unnecessary," saying it could jeopardize the ability of community associations to recruit and retain employees and be "a breach of privacy" for their staffs."
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Thanks to Shu Bartholomew for this update. I'm glad to hear Gov. Kaine signed it. I find CAI's rationale for opposing the law unconvincing and a red herring. Whether CIDs are governments or not is beside the point. Owners paying such sums to property managers and other employees should know who is getting how much. This is, after all, their money. They shouldn't be treated like a bunch of sheep waiting patiently for the shears. And they can't even make intelligent decisions about board elections without knowing how their money is being spent.
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