Even as the proposed water service rate increases, the revised figure would still remain below the average rate of the thirty largest U.S. cities.
The proposal also maintains affordability programs for low-income homeowners and multi-family housing properties, which could benefit as many as 60,000 customers and 40,000 units. Additionally, this proposal recommends keeping the minimum charge of $1.27 per day for those customers who use fewer than 92 gallons per day, which has been in effect for six consecutive years.
The New York City Water Board has scheduled five public hearings for the upcoming Fiscal Year 2020 (FY20) water rate proposal. Following these hearings, the Water Board will meet to finalize FY20 rates and make them effective for July 1, 2019.
For more detailed information on the new rate proposal and the dates of the public hearings, click here