How a ‘Hidden’ $1.4 Billion Tax Will Make N.Y.C. Water Bills Rise

It is a problem bedeviling local governments nationwide: How can they pay for city services at a time of limited funds and rising costs?In New York City, Mayor Eric Adams has found an answer: resurrect a funding mechanism that has been called a hidden tax on New Yorkers.The city plans to charge its own Water Board more than $1.4 billion in rent over four years to lease its water and sewer systems from the city,…