We agreed to defer it for a year until we had seen another years accounts (with the effect of the new convention location) and then chose to give people the chance to buy in at the old rates for 6 months rather than just say it's going up next week.
If you look at the club's actual cash balance (not the equity that includes large amounts of merchandise at cost that will never be sold) it has decreased 25% in 4 years. Last year 15% alone. Another 7 years and we would be bust at that rate.