Reply To: How to manage strata finances if levies dry up

Scottie’s beaten me to the punch, here (again). But have a look at this and you’ll see why what she says is right on the money (no pun intended) … and why there are other potential consequences too.

The levies have been set to pay for anticipated costs.  Most of those costs won’t go away so you’re asking for a whole new budget with, potentially a minor reduction in your payments.

Negotiate, as Scottie said. That offers your best potential outcome.