Winston Ridge 2025 Budget Outline/Breakdown
Dear Homeowners, The primary responsibility of the Winston Ridge Homeowner’s Association Board is to ensure the fiduciary strength of the Association. A status report regarding this was given at our Annual Meeting held on September 17th, 2024. Subsequently the Board announced in a Regular Meeting that a 9.1% increase in annual assessments from $550 to $600 was approved in its July Executive Session. This will take effect on January 1, 2025. Members making their payments automatically will not need to take any action to ensure their assessment payments remain current. The backdrop for this decision includes our collective concerns such as: Unknown extra ordinary expenses to be lawfully assigned to the HOA such as stormwater pond maintenance, Unknown build-out timeline for completion of the sub-division, Continuing and unknown inflationary pressures,…