Welcome, Guest! - or

New York, NY - Water Board Approves 14.5% Rate Hike

Published on:   May 16, 2008 at 10:06 AM
News Source: VIN News
Change text size Text Size  


New York, NY - The city's Water Board has just voted and approved its proposed 14.5% rate hike, which would cost 825,000 water customers about $350 million a year starting July 1.

Advertisement:
The mayoral-controlled board has seldom deviated from rubber-stamping its proposed rate hikes.

The hike is the largest rate boost since 1992, when there was a 22.9% hike.

More than two dozen Council members signed a letter to Mayor Bloomberg urging the city to end its practice of collecting a so-called residual rental payment from the Water Board. But Bloomberg has rejected that proposal.

The 14.5% rise would cost the average one-family homeowner another $102 a year, increasing the average annual tab from $699 to $801.

It is the steepest increase since Bloomberg took office in 2002. There was a 11.5% increase last year, and the board has already said another 14.5% rate boost will be needed in another year.


More of today's headlines

New Jersey - New Jersey is dropping one customer-friendly feature at its 45 Motor Vehicle Commission offices: staying open late. The last day with evening hours will... Kiryas Joel, NY - Federal investigators from the Occupational Safety and Health Adminstration said this morning that they will look into a trench collapse that left a...

 

Total2

Read Comments (2)  —  Post Yours »

1

 May 16, 2008 at 11:12 AM oisvarf Says:

Bloomberg is a pig for letting this approval get through.


High taxes, high gasoline prices, high gasoline taxes, food pricing out of control, high gas and electric rates, tuition cost out of control.......


The only thing this city has not done yet is tax us for breathing which is probably next on their agenda.

2

 May 19, 2008 at 04:32 AM Matzahlocal101 Says:

Didn't congress rule that waterboarding was illegal and unconstitutional?

3

If you wish to post anonymously do not fill out this field.
Says:

Your email address will not be published.

Reply to #  
Says:

Important: Please read the rules before submitting your opinion.
Scroll Up
Advertisements: