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RA Releases

RA News Releases

Board Approves Budget and Sets Assessment Rate

  • 22 November 2019
  • Number of views: 455
Board Approves Budget and Sets Assessment Rate

The Reston Association Board of Directors approved the 2020-2021 budget at its Thursday night meeting and set the annual assessment rate at $708. Information about how to pay your assessment will be mailed in December. Members can pay the fee in one lump sum or choose an installment plan.

The annual assessment is the fee paid by RA members for services and amenities offered by the association. The association's budget for operating and capital expenses is based on assessment and non-assessment revenue projections. The board adopts a new budget every two years. The $19,079,786 budget will be adjusted and voted upon by the board again next year.

Click here to watch the Nov. 21, 2019 budget meeting on YouTube.

NOTE TO MEMBERS: RA is transitioning to a new online assessment billing system that will be available for members to make their 2020 assessment payment online beginning Dec. 16. The previous online billing system is no longer available. If you wish to make your 2020 assessment payment before Dec. 16, please contact RA’s Financial Services team at 703-435-7991 or email Payment by check only will be accepted. We cannot accept credit card payments before Dec. 16.

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