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How do I say this – its you as part of the OC that decides the levies
Every year the OC moves amotion at the AGM to approve the budget for the Admin fund and the Capital works fund and that sets the next year levies As a member of the OC you get to debate this and vote on it.
Is your SM or committee having yearly meetings and sending you a notice?
Are you reading the notice of the meeting ?
Are you going to the meetings?
Having been at some time, treasurer and chairman of a small complex of 8, the levies you are paying are within reason of what it costs to run a block.
Maintenance comes out of the Administrative funds and must be budgeted for each year. The amount set aside for the Capital works fund depends on tbe wishes of the OC but setting it too low will mean that you get hit with special levies regularly ( and unexpectedly)
If you say that you cant pay the higher levies today, how will you pay a speciall levy when it comes up? If you can’t pay a special levy, you lose voting rights; interest accrues on the outstanding amount at 10 %, and if the outstanding amount is suffi ient you can be bankrupted.
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