Anyone else affected by the City of Cape Town's budget and how it affects sectional titles?
Our own Body Corporate is 25% over budget for the year because the City of Cape Town is charging the Body Corporate for water usage as if its one user and not recognising the individual units in the building- in effect individual units now are paying 600% more for their water consumption.
We are now forced to up the levy for next year by 25% because the City is stating that because the budget has already been approved the water charge will not be reversed so the only time this can be challenged is at the next budgetary process.
A really bad move on the part of the City given the amount of BCs that will be impacted by this which can't be good for the DA if they want to win more votes.
Our own Body Corporate is 25% over budget for the year because the City of Cape Town is charging the Body Corporate for water usage as if its one user and not recognising the individual units in the building- in effect individual units now are paying 600% more for their water consumption.
We are now forced to up the levy for next year by 25% because the City is stating that because the budget has already been approved the water charge will not be reversed so the only time this can be challenged is at the next budgetary process.
A really bad move on the part of the City given the amount of BCs that will be impacted by this which can't be good for the DA if they want to win more votes.