HOA Budget Deadlines by State (2027 Budget Season)
Quick answer: HOA budget deadlines depend on your state, and in many states on your governing documents. Here are the three most common state rules:
- Washington: the board sends the budget to owners within 30 days of adopting it, and owners meet 14 to 50 days later to ratify it.
- California: the annual budget report goes out 30 to 90 days before the fiscal year ends.
- Florida: condominiums must adopt the budget at least 14 days before the fiscal year starts. HOAs must give members the budget, or notice that it’s available.
Several other states set their own deadlines and owner-vote rules; where a state is silent, your bylaws or declaration control. The table below shows what each state’s statute requires.
If your association runs on a calendar year, budget season is now. This hub collects the deadlines we’ve verified against the official statutes, links to the detailed state guides, and marks the states where your own documents control.
HOA budget deadlines by state (2027 budget season)
| State | When the budget goes to owners | Owner approval rule | Reserve disclosure in the budget | Details |
|---|---|---|---|---|
| Washington | Within 30 days after the board adopts it (RCW 64.90.525(1)(a)) | Owners’ ratification meeting 14 to 50 days later. Ratified unless a majority of all votes reject it; no quorum needed | Yes: reserve contribution, reserve study statement, per-unit reserve surplus or deficiency (RCW 64.90.525(2)) | WA ratification meeting guide |
| California | Annual budget report 30 to 90 days before fiscal year-end (Civ. Code § 5300(a)) | Set by governing documents; assessment-increase limits apply (Civ. Code § 5605) | Yes: reserve summary, funding plan, deferral and special assessment statements (Civ. Code § 5300(b)) | Civil Code 5300 guide |
| Florida (condo) | Notice of the budget meeting and a copy of the proposed budget at least 14 days before the meeting (s. 718.112(2)(e)); board adopts at least 14 days before the fiscal year (s. 718.112(2)(f)) | Owners may adopt a substitute budget if assessments exceed 115% of the prior year’s (s. 718.112(2)(e)) | Required reserves; SIRS reserves can’t be waived (s. 718.112(2)(f)) | Florida condo SIRS budgets |
| Florida (HOA) | Copy of the budget, or notice it’s available free on request (s. 720.303(6)(a)) | Board meeting notice must say assessments will be considered (s. 720.303(2)) | Only if reserves are established; otherwise a required disclosure in the financial report (s. 720.303(6)) | Florida HOA reserve rules, below |
| Oregon (condo) | Budget summary to all owners within 30 days after the board adopts it (ORS 100.483(3)) | None in statute; set by governing documents | Yes: budget must include the reserve account funding (ORS 100.483(2)); annual reserve study or update (ORS 100.175(3)) | |
| Oregon (HOA) | Budget summary to all owners within 30 days after the board adopts it (ORS 94.645(3)) | None in statute; set by governing documents | Yes: budget must include the reserve account funding (ORS 94.645(2)); annual reserve study or update (ORS 94.595). Class II communities created since 2002 are exempt from the reserve rules (ORS 94.570(2)) | |
| Arizona (condo) | Budget summary to all owners within 30 days after adoption, unless the declaration provides otherwise (A.R.S. 33-1243(D)) | Unless the declaration lets the board adopt budgets, owners meet 14 to 30 days after the summary to ratify. Ratified unless a majority of all owners reject it; no quorum needed (A.R.S. 33-1243(D)) | Not required by statute | |
| Arizona (HOA) | No statutory deadline | Regular assessment can’t rise more than 20% over the prior year without approval of a majority of members (A.R.S. 33-1803(A)) | Not required by statute | |
| Texas (condo) | No statutory deadline; assessments must be based on a budget adopted at least annually (Prop. Code § 82.112(a)) | None in statute; set by governing documents (Prop. Code § 82.102(a)(2)) | Not required in the annual budget | |
| Texas (HOA) | Budget may be approved only at an open board meeting noticed to owners: mailed 10 to 60 days ahead, or posted and emailed at least 144 hours before a regular meeting (Prop. Code § 209.0051(e), (h)) | None in statute; set by governing documents | Not required by statute | |
| Colorado | Budget summary to all owners within 90 days after adoption (mail, delivery or posting on the association’s website), with a date for an owners’ meeting (C.R.S. 38-33.3-303(4)(a)(I)) | No owner approval needed: deemed approved unless a majority of all owners veto it at the meeting, quorum or not (C.R.S. 38-33.3-303(4)(a)(II)) | Not required in the budget; associations must adopt a reserve study policy (C.R.S. 38-33.3-209.5(1)(b)(IX)) | |
| Nevada | Operating and reserve budgets (or a summary) to each owner 30 to 60 days before the fiscal year (NRS 116.31151(1)–(2)); summary within 60 days after adoption, with a ratification meeting 14 to 30 days later (NRS 116.31151(3)) | Ratified unless a majority of all owners reject it; no quorum needed (NRS 116.31151(3)) | Yes: separate reserve budget with each major component’s replacement cost and remaining life, reserves needed vs. on hand, and whether special assessments are expected (NRS 116.31151(1)(b)); reserve study every 5 years (NRS 116.31152) | |
| Georgia | Confirm with your governing documents / state statute | Confirm | Confirm | |
| Illinois (condo) | Copy of the proposed budget at least 25 days before the board adopts it, plus notice of the board’s budget meeting (765 ILCS 605/18(a)(6), (8)) | If assessments would exceed 115% of the prior year’s, owners with 20% of the votes can petition within 21 days for a meeting; ratified unless a majority of the total votes reject it (765 ILCS 605/18(a)(8)) | Yes: the proposed budget must show which portions are for reserves (765 ILCS 605/18(a)(6)) | |
| Illinois (HOA) | Copy of the proposed budget 30 to 60 days before the board adopts it (765 ILCS 160/1-45(a)). Associations with 10 or fewer units or $100,000 or less in annual assessments are exempt unless they opt in (160/1-75) | Same 115% rule, with the 20% petition due within 14 days (765 ILCS 160/1-45©) | Yes: the proposed budget must show which portions are for reserves (765 ILCS 160/1-45(a)) | |
| North Carolina | Budget summary to all owners within 30 days after adoption, with a meeting 10 to 60 days later (G.S. 47C-3-103© condos; 47F-3-103© HOAs created since 1999) | Ratified unless a majority of all owners reject it; no quorum needed | Not required by statute | |
| Virginia | Budget or a summary to owners before the fiscal year begins (Va. Code § 55.1-1965(A) condos; § 55.1-1826(A) HOAs) | None in statute; set by governing documents | Yes, if the reserve study shows a need: component costs and lives, reserves on hand and planned, and recommended vs. current reserves (§ 55.1-1965©; § 55.1-1826©); reserve study every 5 years |
We list a state’s specific deadlines only after checking them against the official statute text. Georgia is still marked Confirm because we haven’t yet verified it against the official code. Some statutes also exempt older or very small communities, so check which act covers your association, read your bylaws, or ask your attorney.
Washington: the ratification calendar
Washington has the most structured process in the table. The core rule:
(1)(a) Within thirty days after adoption of any proposed budget for the common interest community, the board must provide a copy of the budget to all the unit owners and set a date for a meeting of the unit owners to consider ratification of the budget not less than fourteen nor more than fifty days after providing the budget.
(RCW 64.90.525(1)(a))
If owners reject the budget, or the notice isn’t given, the last ratified budget stays in effect (RCW 64.90.525(1)(b)). The budget itself must show the reserve contribution, whether the association has a compliant reserve study, and the per-unit reserve surplus or deficiency (RCW 64.90.525(2)).
Calendar-year example:
- the board adopts in late October;
- the budget goes out in early November;
- owners meet in early December.
For running that meeting (notice, the vote, and a sample minutes entry), see HOA Board Minutes’ Washington ratification meeting guide. Most Washington associations also need a reserve study to fill in those budget lines. Dynamite covers that in its RCW 64.90.545 reserve study post.
California: the 30-to-90-day window
California’s rule is a distribution window, not an approval vote. For a December 31 fiscal year, the annual budget report must go out between October 2 and December 1. The report has 12 required items, including an accrual-basis pro forma budget, the reserve summary and funding plan, and an insurance summary (Civ. Code § 5300(b)). Dynamite’s Civil Code 5300 guide walks through each one.
Florida: condos vs. HOAs
Condominiums (Chapter 718) have firm deadlines:
- The board must adopt the budget at least 14 days before the fiscal year starts (s. 718.112(2)(f)1.). For a calendar-year condo, that’s December 18.
- At least 14 days before the budget meeting, owners must receive notice and a copy of the proposed budget (s. 718.112(2)(e)).
- If the proposed assessments exceed 115 percent of the prior year’s, the board must also propose a substitute budget.
For condos that need a structural integrity reserve study (SIRS), owners can no longer waive the SIRS reserves. See Florida condo SIRS budgets.
HOAs (Chapter 720) have lighter rules. The statute requires:
The association shall provide each member with a copy of the annual budget or a written notice that a copy of the budget is available upon request at no charge to the member.
(s. 720.303(6)(a), Fla. Stat.)
And if the budget raises assessments at a board meeting:
An assessment may not be levied at a board meeting unless the notice of the meeting includes a statement that assessments will be considered and the nature of the assessments.
(s. 720.303(2), Fla. Stat.)
Florida HOA reserves are optional unless the members have voted to establish them. If they have, the reserves can be waived only for one budget year at a time (s. 720.303(6)).
A budget-season checklist for any state
- Find your fiscal year-end and count backward to your state’s distribution or adoption deadline.
- Read your bylaws and declaration. They often set the notice period, the meeting type, and whether owners vote on the budget. Where the statute and your documents differ, the statute usually controls. Confirm with your attorney.
- Update the reserve numbers from your latest reserve study before the board adopts the budget.
- Build the budget on a template that shows operating and reserve funds separately. Our free HOA budget template for 2027 does that and notes who approves the budget in each state.
- Send the budget in a way you can prove, and keep a copy of what went out and when.
- Record the adoption and any owner vote in the minutes.
Where HOA Fiscal fits
If your association is self-managed, HOA Fiscal keeps the budget, the reserve fund and the owner ledger in one place. Budget-versus-actual reports and owner statements come straight from the books, so the numbers you send owners match your financial statements. See HOA financial statements explained for how the budget ties to the monthly reports. We also compare our pricing against competitors, including where they’re cheaper, in best HOA accounting software. And if you’d rather hand off the financial side while still self-managing, Dynamite Management can take over the books.
New to running things yourselves? Start with how to self-manage an HOA.
This is not legal advice. Deadlines above are summarized from the cited statutes. Confirm your association’s obligations with the current statute, your governing documents and your attorney.
FAQ
When does an HOA have to send out its budget? It depends on the state. Washington: within 30 days after the board adopts it. California: 30 to 90 days before fiscal year-end. Florida condos: with notice at least 14 days before the budget meeting. Many other states leave it to the bylaws.
Do homeowners have to approve the HOA budget? In Washington, owners ratify it at a meeting, and it passes unless a majority of all votes reject it. In Florida condos, owners can adopt a substitute budget when assessments rise more than 115 percent. Elsewhere, check your governing documents.
What is the deadline for a Florida condo budget? The board must adopt it at least 14 days before the start of the fiscal year (s. 718.112(2)(f)1.).
What if our state isn’t in the table? Check your bylaws and declaration first, then your state’s community association statute, and confirm with your attorney.
Cover: Photo by John Hill on Pexels
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