Spring has sprung and it’s time for New York City homeowners to get soaked again on their water rates.
Mayor de Blasio, who was critical of his predecessor Michael Bloomberg for routinely hiking water rates, Friday announced a plan to raise water rates by 3.24%.
Although it’s the lowest rate hike in 10 years, critics say it’s still unfair because homeowners have been hit with so many increases in recent years. The average homeowner will pay $1,058 if the plan goes through, up from $499 a decade ago.
New rates will go into effect on July 1.