Be prepared to get hosed:
New York City homeowners are going to get drenched with new water rates.
The city Water Board wants to raise the rate by 11.5 percent, adding $72 to the average single family home bill.
It's the largest increase since 1992.
The board is going to hold a public hearing on the hike, but critics say that's just a formality. The hike will probably happen no matter what.
Water Board Executive Director Steven Lawitts says the increase is justified because the city's water rates have been lower than the national average for years.