Gates of McLean Budget meaning dicusses where the dollars go

The Gates of McLean held a meeting focused on the created budget for 2010 last night.  The condo fees, also known as general assessments, will go up 1% for the 2010 year.  This minor increase should be well received for this Tysons Corner communities residents as within the first few years after the conversion to condos there were annual assessment increases of 90%+, and 40%+.

Inflation, cost of goods, salaries, and cost of services all contribute to most condo fees increasing over time.  As buildings get older the const of maintenance and repairs often increases as well.

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