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Annual Meeting

2025

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Neighborhood

Maintenance

Improvements

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Left: Before, a significant sinkhole

Right: Fresh, level cement parking bay

Parking Bay Replaced

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Sewage Lagoon – Repair

These extremely important issues, once discovered, were dealt with by the board immediately.

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Sewage Lagoon – Before

A compliant lagoon’s banks are free

of trees, tall grasses, and weeds.

Sewage Lagoon – After

The Board took action in May and hired

Jake’s Mowing to clear lagoon obstruction

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Sewage Lagoon – Barley Bales

Two critical fixes--the placement of barley bales and the repair of an aeration line--are underway.

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South Yorktown Sidewalk Repair

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Switch to GFL

Waste Management

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Recreation

Improvements

10 of 24

Hot Dog Roast

& Movie Night

2025

11 of 24

Pool

Updates

New Loungers

4 new filters

12 of 24

Announcing:

New Software

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Let’s Talk Money

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(U.S. Bureau of Labor Statistics, 2025)

“But My Dues Are Always Going Up...”

Expanded Summary Paragraph

Between 2020 and 2024, homeowners’ association (HOA) dues increased more sharply than general consumer prices in the Midwest, though both showed notable growth. The Consumer Price Index (CPI) for all urban consumers in the Midwest rose about 26 percent over this period, reflecting broad inflation in goods and services. In contrast, HOA dues rose by roughly 15 to 25 percent between 2020 and 2022 before stabilizing through 2024. Meanwhile, average Illinois residential electricity prices increased from about 13.1¢ per kilowatt-hour in 2020 to roughly 18.6¢ in 2024—a 42 percent jump according to the U.S. Energy Information Administration. Property tax rates in McDonough County remained constant at approximately 2.96 percent, indicating that most cost-of-living growth stemmed from utility and consumer price inflation rather than local tax changes. Together, these figures suggest that while HOA dues spiked early, overall inflation and utility costs have since caught up as key pressures on household budgets.

Data sources:

U.S. Bureau of Labor Statistics. (2025). Consumer Price Index for All Urban Consumers (CPI-U): All items in Midwest urban area [CUUR0200SA0]. U.S. Department of Labor. Retrieved October 6, 2025, from https://data.bls.gov

U.S. Energy Information Administration. (2025). Electric Power Monthly: Average retail price of electricity to ultimate customers by end-use sector, by state. Retrieved October 6, 2025, from https://www.eia.gov/electricity/monthly/

Illinois Department of Revenue. (n.d.). Property tax statistics – Effective property tax rates by county. Retrieved October 6, 2025, from https://tax.illinois.gov

"But what is CPI?"

🧾 What CPI Means

CPI stands for the Consumer Price Index.

It’s a measure produced by the U.S. Bureau of Labor Statistics (BLS) that tracks how the prices of a fixed “basket” of goods and services paid by urban consumers change over time.

Essentially, CPI is a way to measure inflation — how much everyday living costs are rising.

When we say “Midwest CPI (December values, 2020 = 100),” we mean:

The index is set to 100 in December 2020 (our baseline).

Later years show how much prices have risen relative to that point.

For example, 126.1 in 2024 means consumer prices were about 26% higher than in December 2020.

The “Midwest” part indicates it covers urban areas in the U.S. Midwest region (not just Illinois), so it’s a good regional benchmark for your HOA comparison.

📚 Source and Citation (APA 7th edition)

All CPI data came from the U.S. Bureau of Labor Statistics (BLS), using the Consumer Price Index for All Urban Consumers (CPI-U), All Items, Midwest Region, Not Seasonally Adjusted — December values for each year.

Citation:

U.S. Bureau of Labor Statistics. (2025). Consumer Price Index for All Urban Consumers (CPI-U): All items in Midwest urban area [CUUR0200SA0]. U.S. Department of Labor. Retrieved October 6, 2025, from https://data.bls.gov