#56881
Sir Humphrey
Strataguru

    You should be able to see a breakdown of the Owners Corporation’s budget in the papers presented at each AGM. Does anything stand out? One common reason for high levies is earlier low levies. A possibility is that levies were kept too low for a period of time, resulting in insufficient reserves in the Sinking Fund and now a more responsible committee has adjusted the budget to build up funds for planned maintenance over the next decade.