Definition
A process in some states where a board-adopted budget takes effect unless a required share of owners votes to reject it.
Budget ratification is a mechanism — required in some states — where the board adopts the annual budget and distributes it to owners, and it takes effect automatically unless a specified percentage of members votes to reject it at a meeting.
This flips the usual voting dynamic: silence approves. It lets communities adopt budgets even with low turnout, while still giving owners the power to block a budget they strongly oppose. Whether it applies depends on state law and the governing documents.