› Flat Chat Strata Forum › From the Front Page › How to manage strata finances if levies dry up › Current Page
Point taken, but the answer may be to ask your owners corp to reduce everyone’s contribution by using some of the capital works funds. Or at least allow you to delay payment without a penalty.
All the companies you have mentioned are probably making “sacrifices” that cost them no money. Owners corps work on a simple money-in, money-out basis.
If your owners corp can’t pay contractors, then the services will cease, people will lose their jobs and your quality of life could be severely impacted, right at the point when you are spending more time at home.
If the finances aren’t being properly managed, leading to excessive levies, that’s an issue for your AGM when they are approved or otherwise.
You could always try to identify some potential savings right now, but the word we’re getting from strata managers is that the demand for cleaning services, with more people staying at home, has gone up, not down.