The proposed rate increase which, if approved, would be double last year's rate hike and the highest in 14 years would only pay for a portion of the rent charges. Some of the rest are likely to come from funds that typically finance capital upgrades to the water and sewer system, potentially leaving the city more vulnerable to critical breakdowns.
It's all legal, but legal doesn't make it right, said James Gennaro, the city councilman who leads the Committee on Environmental Protection. He described it as a hidden tax a way to extract money from New Yorkers without raising property or sales taxes.
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