Reston Association's Board of Directors will vote Thursday on the assessment level for 2013.
RA members are welcome to voice their opinion during a public comment session at the start of the 7 p.m. meeting at RA headquarters, 12001 Sunrise Valley Dr.
The proposed assessment for 2013 is $590, a number that was forecast in the biannual budget process this year. The 2012 assessment rate was $565. Board members could vote for an assessment above that number, but no higher than a ceiling of $600.
Board assessments have been rising at a rate of nearly 5 percent a year since 2010.
It a meeting earlier this month, Board members discussed a projected shortfall in 2013, due in part by the 80 units at Parc Reston being demolished. When that area reopens in the next few years as a new, it will be an opportunity for more assessment income. But for now, RA is missing out on up to $45,000.
Board members also discussed a rise in lower-income residents qualifying for reduced assessments, as well as the board's interest in funding new projects such as turf fields at South Lakes High School and Reston's 50th anniversary celebration events in 2014.
Assessments have been rising steadily since 2007 (see chart below). If the assessments are $590 in 2013, it will mean households are paying $75 more than they did in 2010.
The public is invited to comment to the board about assessments at the meeting at 7 p.m. Thursday at Reston Association headquarters, 12001 Sunrise Valley Dr.
RA ASSESSMENTS SINCE 2000
Year Amount % +/-
2001 $375.00 1.35%
2002 $387.00 3.20%
2003 $399.00 3.10%
2004 $415.00 4.01%
2005 $425.00 2.41%
2006 $437.00 2.82%
2007 $437.00 0.00%
2008 $475.00 8.70%
2009 $491.00 3.37%
2010 $515.00 4.89%
2011 $540.00 4.85%
2012 $565.00 4.50%
2013 $590.00 4.50% (projected)
(Source: Reston Association)
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