New York S03664 would exempt qualified homeowners from future water rate increases.

New York S03664 amends the administrative code to provide that any qualified homeowner in the city of New York shall be exempt from any future increases in water rate fees. A "qualified homeowner" is defined as someone who is at least 65 years old, owns real property, and has a household income of less than $50,000 for two consecutive years. The exemption may be suspended for up to one year by the commissioner of the Department of Environmental Protection in the event of a drought or other disaster. This act would take effect July 1, 2027.

New York S03664 would exempt qualified homeowners from future water rate increases.

New York S03664 amends the administrative code to provide that any qualified homeowner in the city of New York shall be exempt from any future increases in water rate fees. A "qualified homeowner" is defined as someone who is at least 65 years old, owns real property, and has a household income of less than $50,000 for two consecutive years. The exemption may be suspended for up to one year by the commissioner of the Department of Environmental Protection in the event of a drought or other disaster. This act would take effect July 1, 2027.