This morning, our good friend from the News at City Hall, Frank Lombardi, describes the strange method by which the people of NYC are taxed once again. Thank you Frank for providing us with vital information concerning the costs, especially the fact that the DEP is spending MORE than it COLLECTS! The simple enough solution to cut costs is lost among the powers that be. Read and Enjoy!

WATER BOARD PONDERS 14.5% HIKE

FRANK LOMBARDI, Daily News City Hall Bureau, Thursday, May 8th 2008

As the Water Board mulls a 14.5% rate hike, the puzzled public wonders: Who, or what, is this (bleepin’) agency?

Think of a stacked deck in a poker game; the house - in this case, City Hall - always wins.

. . . .The collective bill to its 825,000 rate payers for the fiscal year ending June 30 is $2.24 billion. It jumps to $2.54 billion next year, hence the rate hike.

. . . . So, you could say another soaking is in the cards for the city’s property owners.

Listing of board members can be found Web site:

http://home2.nyc.gov/html/nycwaterboard/html/board_members/index.shtml.

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