2012-2013 Maintenance Increase
July 26, 2012 
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July 26, 2012
Dear Friends and Neighbors,
The very items that caused the substantial rise in maintenance last year have been mercifully stable or showed a decrease this year. Real estate taxes have stabilized at approximately $1,700,000, and because of the new washing machines and a warm winter, lower expenses for both water and fuel consumption were able to offset increases in other areas. As a result, maintenance for fiscal year 2012-13 will only increase by 1.5%. The increase will go into effect on September 1, 2012.
The 2012-2013 Cooperative Tax Abatement has yet to be finalized by the New York State Legislature. In the unlikely event that the continuation of the abatement not be approved, the Board will need to review our budget and shareholder maintenance numbers.
Following is a summary of recent maintenance increases and tax increases for our building:
History of Maintenance Charges and Real Estate Taxes for 30 Fifth Avenue
| Year to year | Maintenance increase | Tax increase |
| 2012 to 2013 | +1.5% | +5.5% |
| 2011 to 2012 | +20% | +11.1% |
| 2010 to 2011 | +10% | +10.0% |
| 2009 to 2010 | +1.5% | +15.2% |
| 2008 to 2009 | +3.5% | +12.3% |
| 2007 to 2008 | +5.0% | +0.7% |
| 2006 to 2007 | +6.0% | +7.3% |
| 2005 to 2006 | +3.5% | +13.3% |
| 2004 to 2005 | +2.0% | +9.4% |
| 2003 to 2004 | +6.0% | +16.8% |
| 2002 to 2003 | +2.0% | +2.3% |
| 2001 to 2002 | +1.5% | +12.4% |
| 2000 to 2001 | +1.5% | +7.0% |
Board of Directors
30 Fifth Avenue Owners Inc.
