Bromley Village Association CLARIFCATION: Proposed 2026 Budget
November 2025
The BVA budget for the coming year is in flux. By far, our largest expense is the 5-year contract with Bromley Property Services, and renewal negotiations are at an impasse.
BPS proposed a first-year increase of 23%, plus CPls, starting May 1, 2026. After 6 months of negotiations and no agreement, we have a challenge to estimate 2026 expenses.
Our bylaws re9uire members to approve an annual budget. Due to the impasse, we concluded it is advisable to use the 2025 Budget as a “placeholder” for our 2026 Budget, with dues to remain at $1,900.
When finalized, if Property Service costs exceed the amounts in current BPS Agreement (expiring 4/30/26,) we’ll submit an amended 2026 Budget for approval, including dues adjustments, if needed.
We expect to complete this task well before the June 2026 dues installment.
Respectfully,
The BVA Board of Directors
