New Yorkers are already drowning in bills. And now, if a NYC proposal is approved, property owners will have to pay 8.5% more for water — or an additional $100 — annually.
The huge increase is due in part to a “rental payment” fee NYC Mayor Eric Adams is imposing on the city’s Department of Environmental Protection. The city has requested a payment of $145 million in FY24 and $289 million in FY25 from water rate proceeds, the DEP said. Similar requests are also projected for FY26-FY28.
