From the NY Times:
New Yorkers will pay nearly 13 percent more for each drop of water they use starting July 1 if an increase proposed Friday by the Department of Environmental Protection is approved.
The rate increase would cost the typical single-family homeowner an extra $93 a year (a total of $816, up from $723) and increase the annual bill for the average apartment by about $43 (to $513, up from $470), the agency said.
The agency noted that the 12.9 percent proposed increase is a bit less than the 14.3 percent rise it had forecast last year. The agency said that it had mitigated the need for an increase by cutting its budget eight percent and cutting its debt service by $181 million, thanks to favorable interest rates. On the other side of the ledger, water use in the city declined by five percent last year, which, while a wonderful thing from a conservation standpoint, caused a revenue shortfall of $110 million.