36.1 F
Naperville
Thursday, March 28, 2024

Back to Homeowners Meetings

-

Summer is becoming a fond memory as vacations end, kids return to school, days get shorter, and Thursday night band concerts fade into silence. The Homeowners Confederation Board ended their vacation, too, and took a few actions to prepare for conducting business in the coming months.

Following up our August 17th Town Hall meeting, we decided to weigh in as an organization on the sourcing of municipal revenue increases needed to address both current and future budget needs. As noted by Mayor Chirico during the August 18th City Council meeting, homeowners, and particularly senior citizen homeowners, seemed much more concerned during our forum with the prospect of paying another $125 a year for the privilege of having trash picked up than they were about a home rule sales tax.

Accordingly, our Board took a public stand that we do not think the bulk of the “budget hole” should be filled by those single family and townhouse homeowners receiving municipal trash collection. We would like to see a more equitable sharing of the revenue responsibility with other constituencies benefiting from city services including the commercial, institutional, and multi-family residential communities. On the subject of home rule sales tax, our feeling was that if this is required, a minimally acceptable amount should be levied to help ensure fiscal stability. Members will be asked to concur with this Board position at our next general meeting on Saturday morning, September 19 at 8:30 AM in the Municipal Center.

Also at this meeting, we will hear from speakers concerning the legal environment for Common Interest Community Associations (Homeowners, Condo, and Townhome). Many of our members are experiencing “sticker shock” when renewing their Director & Officer (D&O) policies, and we are hoping to better understand the drivers of these increases.

I hope to see you there!

Stay Connected!

Get the latest local headlines delivered to your inbox each morning.
SUBSCRIBE
- Advertisement -
Bob Fischer
Bob Fischerhttp://www.napervillehomeowners.com/
Bob Fischer is current President of the Naperville Area Homeowners Confederation.

LATEST NEWS

DON’T MISS OUT!
GET THE DAILY
SQUARE-SCOOP
The latest local headlines delivered
to your inbox each morning.
SUBSCRIBE
Give it a try, you can unsubscribe anytime.
close-link

Stay Connected!

Get the latest local headlines delivered to your inbox each morning.
SUBSCRIBE
close-link