Independent Budget Office: It’s Debt, Not Rent Payments
Independent Budget Office: It’s debt, not rent payments, that drives water and sewer
(An interesting article from NYC)
It’s not the rent payments the city charges for use of the water system that’s driving water rates but rather the cost of paying off huge capital projects, the Independent Budget Office said in a report Monday.
While it has been the scapegoat of many a press conference on skyrocketing water rates, the rental payment takes a back seat, the report found.