If the owners don’t approve the annual budget at an Annual General Meeting, the strata corporation must prepare a new budget within 30 days unless a different timeframe is approve by a ¾ vote of the owners. 1
The new budget must be placed before the owners at a Special General Meeting and passed by a majority vote. 2
Until a new budget is passed, owners must continue to pay strata fees in accordance with the previous budget. 3
