As Passed By The PTCA Board At Their January 12th Meeting, The Budget For The Association’s 2026/2027 Fiscal Year Goes Into Effect On March 1st

This includes a 4.4% assessment increase. On average, this works out to the following increases by unit type:

Unit Type          Average Increase
Studio                   $24.21
One Bedroom      $33.20
Two Bedroom     $53.44

These are just the average increases. The exact adjustment to your assessments is determined by your percentage of ownership. It tends to work out that lower floors have a lower percentage of ownership, and upper floors have a higher percentage.

There are also increases in parking rates and other ancillary business fees:

Bike room

Increase $3 (from $75 to $78) for lower rack

Increase $2 (from $50 to $52) for upper rack and wall-hanging

Increase $2 (from $35 to $37) for winter rate

Astound Bulk Cable/Internet

Increase $3.18 (from $62.91 to $66.09)

Health Club Memberships

Single 1-month (from $45 to $47)

Single 6-month (from $237 to $246)

Single 1-year (from $334 to $347)

Double 1-month (from $67 to $70)

Double 6-month (from $371 to $386)

Double 1-year (from $602 to $626)

Family 1-month (from $94 to $98)

Family 6-month (from $534 to $555)

Family 1-year (from $838 to $872)

Parking

Valet Parking – Increase $7 (from $165 to $172)

Self-Parking – Increase $7 (from $165 to $172)

Premium Parking – Increase $8 (from $180 to $188)

Tandem Parking – Increase $5 per vehicle (or $10 for the one spot, from $265 to $275)

Commercial Day Parking – Increase $8 (from $215 to $223)

Laundry Room

TOP LOAD WASHERS
Regular (from $2.30 to $2.40)
Medium (from $2.40 to $2.50)
Heavy (from $2.50 to $2.60)

FRONT LOAD WASHERS
Regular (from $2.30 to $2.40)
Medium (from $2.45 to $2.55)
Heavy (from $2.60 to $2.70)

30# FRONT LOAD WASHERS
Regular (from $3.20 to $3.30)
Medium (from $3.35 to $3.45)
Heavy (from $3.50 to $3.60)

STACK DRYERS
45 minutes (from $1.65 to $1.70)
Additional 10 minutes (from 40¢ to 45¢)

30# TUMBLER DRYERS
25 minutes (from 65¢ to 70¢)
Additional 10 minutes (from 40¢ to 45¢)

For more about the budget, you can review the original notice (below) sent to Owners in December, prior to the announcing the proposed changes. Also very helpful, is the PowerPoint presentation made by Board President Michael Parrie, available to review via PDF: Special Meeting for Budget PowerPoint 12-2-2025

Proposed PTCA Budget For 2026/2027