Archive for Water and Sewer Rates
Play Life of a Building
CHPC is proud to present “Life of a Building“, an online educational game showing the challenges of keeping an old rental building in good financial and physical health. Play the game and see if you can make it to 15 years! To read more about the game, click here.
DEP Proposes 7.5% Increase for 2012
New York City’s Department of Environmental Protection today proposed an increase of 7.5% for water and sewer rates for Fiscal Year 2012. If adopted by the New York City Water Board, it would represent the smallest increase since 2006 and at least a temporary respite from the double digit increases of the last four years. Increased water consumption, reduced operating expenses and refinancing outstanding debt have all helped to reduce this year’s proposed increase. A copy of DEP’s presentation can be found here.…Read more
DEP Reports on Water Finances
At its last Water Board meeting, DEP released a report on water and sewer tax collections for this fiscal year to date. Predictably revenue continues to decline as usage declines. For the year to date water/sewer revenues are about 6% below target. This insures bigger increases for next year.Read more
DEP and Water Board Issue New Rate Study
In expectation of introducing a new rate structure to charge for water and sewer services, DEP and the New York City Water Board have released a study that they commissioned from Booz Allen Hamilton. The study reviews rate structures in other cities and proposes possible alternatives for New York City. While the proposed target for adopting a new rate structure was May of 2010, DEP has yet to move this project to implementation. The study can be accessed here. …Read more
Urban Prospect: Liquid Assets
In 1988 the City changed the method for collecting water and sewer charges from a system based on the amount of building frontage, to a system based on metered charges determined by actual water usage. It would have been fair to presume that this change would distribute the cost of using water equitably and encourage conservation of a scarce natural resource. In reality, however, the cost of water now has less to do with the amount consumed and more to do with the enormous cost of the infrastructure required to deliver it.
In this Urban Prospect, author Harold Shultz examines …Read more
Inside Edge: How to Collect Water and Sewer Bills
Currently the Mayor and the City Council are at loggerheads on the question of how to collect water and sewer bills in the City of New York. While the standoff continues, thousands of accounts are in default, an estimated $589 million of badly needed revenue is uncollected, and the City’s ability to sell real estate tax liens has expired. While the Mayor insists on the authority to sell water and sewer tax liens, the Council wants billing errors to be corrected prior to any such sale. It appears that a perfectly workable straight-forward answer exists but has been ignored. It …Read more