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Should Co-op / Condo Boards Create a Five-Year Capital-Improvement Plan?

Lincoln Towers, 150 West End Avenue, 250 Cabrini Boulevard

-expenses budget even five years out seems more a matter of crystal balls than of silicon chips. Four good reasons

Re: New abatement/assessment in budget

Thanks, Burt - I see what you're getting at. If you budget three separate line items - taxes minus ... Re: New abatement/assessment in budget

Co-op/Condo Abatements

With the new rules how you reflect the numbers in the budget stay the same as before. The only

Follow-up question

're planning to continue with the abatement/assessment model, how are you going to reflect that in your budget

Re: Co-op/condo abatement

No, it's not considered bad planning to budget for the total tax (including the abatement

Thanks and....

the abatement - abatement in their budget - would that be poor planning? Also shouldn't the total amount

Re: Co-op/condo abatement

-op's budget and maintenance would be based on this reduced figure for RE taxes. Then the city would say, "You

Assessments and smart planning.

loose the money into the general operating budget. This way the assessment it is deductable

Convincing 2,500 Apartments to Go Dual-Fuel: One Manager's Challenge

Cooperative Village, Lower East Side, Manhattan

is one budget item that NYC co-ops and condos can lower, and the articles here will give you ideas on how

Digital Accounting Tools for Boards and Managers: NexusPayables

New York City

on the left-hand side, easily comparing how much is spent against the budget line item. They can make notes

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Board Talk

Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!

Sprinkle system for insurance?

Pooh Dec 23, 2024

Super starting his own business outside of the co-op

Bob B JR Dec 20, 2024

radiator air valves

Pre-war cooperative NYC Dec 19, 2024

Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

Ask the Experts

learn more

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

see the guide

HABITAT

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