CAI-NJ April 2021

DELINQUENCIES... from page 24.

ation’s finances in the coming months and the need to plan for same. Given the current climate and the uncertainty associated with poten- tial future delinquencies, you should also consider delaying non-essential projects until the crisis passes. While essential services will need to remain in place, it is sensible to defer spend- ing on items like upgrades and other enhancements to your community for at least a short period of time. At a minimum, discretionary spending should be suspended during the pen- dency of the state’s emergency. This will allow time for the governing board to assess the final impact of the pandemic on the community and

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