First, there is no state law or HOA bylaw that requires an explenation to raise rates. The rules say the board can raise rates whenever they feel it is necesary. Second, the board did explain why rates were being raised. It was discussed at a meeting a few months ago. When enough people feel it is important enough to attend the anual meeting and ask these questions, the DIRE financial situation will be fully explained. But we cannot discuss this without a quorum (only 1/10th of the voting population!). It's amazing how people complain in blogs and here on the link but yet we can't get 130 people to attend a meeting. Not to say that anyone posting here does not go to the meeting, but really, all we need is 130 people to hold the anual meeting. Part of the reason our financial situation is so dire is because people arent paying, and the last management company blindly spent too much money on legal fees for those who did not pay their dues, and of course, never received any money in return. The bottom line is this: without raising rates, it is a good posibility that the HOA would not be around much longer. If you care to know why this matters (ie, not living in a managed community, no more HOA), you need to attend the anual meeting.