Mayor Bill de Blasio has proposed a 3.35 percent increase in water and sewage rates paid by homeowners and landlords across the five boroughs, in a proposal submitted to the New York City Water Board.
Despite the increased financial burden the hike will cause the city’s residents, the mayor told the Wall Street Journal that his proposal was “moving things in the right direction.” This is because the rate hike is lower than the 5.6% increase proposed by former mayor Michael Bloomberg, and the lowest rate hike since 2006.
The new rate, if approved, will take effect on July 1st.
A single-family homeowner would see annual payments go up from $992 to $1,025. The increase for a multifamily home with metered billing would go up from $645 to $666 a year per unit.