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In Matter of Prometheus Realty Corp. v. New York City Water Board, the New York State Supreme Court Appellate Division, First Department, agreed that water rates for 2016-17 should continue to be frozen for all, rather than increased for multifamily customers so that single-family homeowners could get a credit. It upheld the lower court's ruling invalidating the city's attempt to approve a 2.1 percent increase to the water rates for fiscal year 2017 and a one-time credit of $183 for Class 1 property owners of one- to three-family homes.
