CVE Master Management Announces $4 Monthly Coupon Increase for 2025
In a move aimed at addressing rising operational costs, CVE Master Management has announced a $4 increase to its monthly coupon for village residents, bringing the total to $172 per month starting in January 2025.
CVE Master Management officials cited increased costs as a significant factor in their budgeting process for the coming year. "We remain committed to making financially responsible decisions that benefit the community while minimizing the impact on your costs," the organization stated in a letter to residents. "We will continue to work diligently to manage expenses while maintaining the quality of services that make our community a great place to live."
Eli Okun, President of the CVE Master Management Board of Directors, acknowledged the current financial burden on residents. "We understand that nearly everyone is experiencing rising monthly costs from their buildings. While CVE Master Management does not control what individual buildings charge, we are doing everything possible to reduce the expenses we can manage," Okun said.
To mitigate the need for a larger increase, CVE Master Management has postponed several smaller projects that had originally been slated for the upcoming year. This decision was made in an effort to prioritize more essential projects while keeping the financial burden on residents manageable.
Okun also expressed optimism about the organization’s ability to balance necessary upgrades with financial prudence. "Thanks to our proactive approach to maintaining the village's infrastructure, we are now in a favorable position to defer certain projects, which has helped in lowering your 2025 coupon costs," Okun said. He explained the organization’s two major projects, the main gate and CVE Central Park, will continue to progress as planned.
The projects, which began in previous years, have been allocated funding from earlier budgets, reducing the need for additional financial strain on residents in the coming year.
As for the smaller projects that have been deferred, CVE Master Management assured residents that none of these delays would impact essential services or the overall safety and appearance of the village.
The $4 increase reflects the ongoing financial challenges many are facing due to inflation and rising costs of living. CVE Master Management acknowledged these difficulties and emphasized that every effort was made to minimize the increase.
