Rate Proposal Would Keep the Cost of Water in New York City Well Below the National Average

Administration’s commitment to lower rental payments has retained more than $1 billion in the water system, keeping rates affordable while ensuring funding for critical drinking water and wastewater projects including the completion of shafts for the Brooklyn/Queens leg of City Water Tunnel No. 3 and the Gowanus Canal Superfund cleanup

The New York City Department of Environmental Protection (DEP) today proposed a 2.76 percent increase in the Fiscal Year 2022 (FY22) water rate to the New York City Water Board. The proposed rate would keep the cost of water in New York City below the national average. Since Mayor de Blasio made the commitment to return the rental payment to the water system, more than $1 billion of ratepayer funds have stayed in the system, helping to fund critical programs while keeping rates low for property owners and businesses. The proposed rate increase is subject to review and approval by the Water Board.

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