On The Horizon: 2026 Operating Budgets
By Scott Wingfield
The Summerlin Council and each of your respective master associations have once again started their annual process of formulating operating budget numbers for the forthcoming year. Over the next 30 to 60 days, your community managers, board members, and finance committees will be study-ing among other things: how comparable 2025 revenue and expenses projections are holding up; the “new normal economy” impacts to all operations and related pricing, including labor, materials and supply and demand pricing realties; turf reduction man-dates and proactive water conservation initiatives; engagement of certain park and community center programs and activities; expanding reserve costs associated with the natural aging and proper care of our community’s maturing amenities; expansion and operation of new community-wide Summerlin Council parks and amenities; the continued growth of Downtown Summerlin, and our South and West residential Villages; and, as always, where more potential operating efficiencies can be realized to help hold assessment rates as low, yet effective as possible.
Fortunately, each of your master associations and The Summerlin Council remain operationally and financially sound. Your long-established Summerlin membership/assessment base is well-structured and by design strives wherever possible to pace new development billable density with the growth-accompanying financial demands of owning, operating, and maintaining new community streetscapes and Summerlin Council owned parks/amenities.
It’s important to remember that your master association assessment includes a monthly allocation to The Summerlin Council. Early indications suggest that
