Why is NYC's Mayor planning to raise water fees once again?
There was the 5.6% rate hike this summer and a 7% increase the previous year.
NYC water bills have increased 78% since 2005, with double-digit annual increases in 2008, 2009, 2010 and 2011.
The city took in a record $3.3 billion in water invoices during the fiscal year that just ended. This is a whopping increase from the $2.1 billion collected in 2008.
Why are these water fees so high? Are NYC businesses and residents being soaked?
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