Today, the New York City Water Board approved the Department of Environmental Protection’s proposal to raise the cost of water by 7% for the next year. This is expected to cost the average single family homeowner an additional $62 a year for their water.
It is also the smallest increase in the price of water in seven years. That means every year for the past seven years, New York homeowners have seen their water prices go up by more than 7%. “When an agency is proud that we only have to raise the rate 7 percent, then we know we have a problem,” Assemblyman Phillip Goldfeder said at a Water Board hearing in April. “And every year we do this, every year the community stands up and says how it’s going to hurt us, and then every single year we raise the rate exactly what was proposed.”
The new rates will go into effect on July 1.