So for the next term, this administration finds itself at a crossroad. In previous years, Convention Resolutions have dealt with changing our structure. These resolutions were defeated. The income has been virtually flat-lined. The membership has been flat-lined.
Inflationary pressures affect all of our operating expenses.
Rents increase, utilities increase. Sometimes, these increases are above the inflationary rate. We have worked extremely hard to reduce our expenses and we have come to the end of the line. Now, hard choices must be made by this delegate body. This shortfall occurs just if the status quo is maintained.