Lake Ridge board approves FY26 budget, raises Class A assessment cap 5%
The Lake Ridge Parks and Recreation Association board approved the Fiscal Year 2025–26 operating and reserve budget on May 13, 2025, in a 4–2 vote; the board also increased the Class A maximum annual assessment cap by 5% and amended the collection policy to extend delinquency referral to 180 days.
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The Lake Ridge Parks and Recreation Association board on May 13, 2025 approved its Fiscal Year 2025–26 operating and reserve budget and related assessments, and raised the Class A maximum annual assessment cap by 5 percent.
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