NYC is joining the rest of the country in promoting inflation.
On June 6th, the Water Board met to raise water rates by 4.9%, effective July 1st. This may surprise New Yorkers who have grown accustomed to minimal increases during the de Blasio administration.
The new rate will be $4.30 for water and $6.84 for sewer, for a total of $11.14.
We expect the 2023 increase to be even larger, spurred by high interest rates on the Water Board’s huge deb load.
June 6, 2022 Meeting Materials – https://www1.nyc.gov/assets/nycwaterboard/downloads/pdf/public_notices/wb-meeting-materials-6-6-22.pdf