NYC Proposes 3.35% Water Rate Hike

NEW YORK (AP) -

New York City proposed a 3.35 percent water and sewer rate increase, the lowest hike since 2006 and a downgrade from a suggested 5.6 percent hike.

Mayor Bill de Blasio, who as a mayoral contender last year criticized Mayor Michael Bloomberg’s proposal as a hidden tax, said his proposal was “moving things in the right direction.”

The Water Board is to receive the proposal on Wednesday. It plans to hold public hearings in each borough in May and vote on the proposal May 23. If approved, the rate would take effect July 1.

A single-family homeowner would see a boost from $992 to $1,025 a year. The increase for a multifamily home with metered billing would go up from $645 to $666 a year per unit.