RE: Contingency Fund
That all depends on the whim of teh board at the time.
There are those that would scrap the increase immediately, thus crippling the association from building the reserve in the forst place.
Remember that building the 100-150% reserve will likely take close to a decade, particularly with program funding returned after this year. It is probably that once the association reaches the reserve level desired, the dues will be held at the then present rate rather than reduced. Also remember that if current inflation rates are anything to judge by - the dues in a decade should be just over $90/year.
Other factors will prevent the association from putting as much away as hoped - a proliferation of 3 year renewals, which lower the membership income overall, the cost of heating and utilities skyrocketing, and - of course - airfares increasing because of increased fuel costs. Everything that hits us as individuals also hits the association in terms of operating costs ... somethimes that is conveniently forgotten or overlooked.