PENNSYLVANIA – Pine Ridge lacks money to make it through fiscal year – $450,000 budget shortfall

POCONO RECORD: Pine Ridge lacks money to make it through fiscal year
 $450,000 budget shortfall
By Stacy M. Brown
October 5, 2016

The once proud and formerly gated Pine Ridge private community in Bushkill is facing dire financial problems as many residents have fallen behind in their homeowners’ association dues leaving the community with a $450,000 budget shotfall.

Board members have sought help from local and state officials and, in a recent letter to residents, the association noted that it does not have enough money in its budget to make it through the fiscal year.

Board members said state government may have to intervene.

“I don’t believe many of our residents have ever recovered from the recession,” said Alexandra Tutuianu, the community manager at Pine Ridge. She added that 147 homeowners in Pine Ridge have lost their homes to foreclosures in three years. Read more:

Posted on October 7, 2016, in Uncategorized. Bookmark the permalink. Comments Off on PENNSYLVANIA – Pine Ridge lacks money to make it through fiscal year – $450,000 budget shortfall.

Comments are closed.