Fortunatly, this cost can be precisely budgeted for:

Effective January 1, 2011, there is a weekly increase of $12 per employee for health benefits and $4 for pension. On April 20, 2011 salary increases become effective. Superintendents get an increase of $19 per week, handy persons $17 and other employees $15.

anyone know if this is correct?

For New York City’s fiscal year 2010, which ended on June 30, the cost was $6.76 per hundred cubic feet of
water used, according to the New York City Department of Environmental Protection. For current fiscal year 2011, the price rose to
$7.64.

The tax rate only slightly increased, however many buildings face significant increases in their assessed values which factor into the overal real estate taxes due. Our building's taxes went up by 8%

please see information:
You can calculate exactly what your January and April bills will be as described below. For Fiscal 2011-2012, we could actually see REDUCED assessments due to the phase-in; the property tax abatement program for qualifying home owners in NYC cooperatives and condominiums is in place for fiscal 2012.

Despite the down economy, this year’s property tax assessment actually consists of 20% of the assessment change for Fiscal Year 2010-2011, which may be lower to reflect current conditions, 20% of the assessment change for the Fiscal Year 2009-2010, when market conditions were quite dismal, 20% of the assessment change for the Fiscal Year 2008-2009, developed based on a snapshot in time on January 5, 2008, when all looked rosy, 20% of the assessment change for Fiscal Year2007-2008, when times were very good, and 20% of the assessment for Fiscal Year 2006-2007 – ancient history with excellent market conditions.
. Late in June, when it adopted the budget, the City set a tax rate of 13.353% for Class 2 properties for Fiscal Year 2010-2011, a modest increase over last year’s rate of 13.241%. Here are the new rates for key classes of NYC properties.

Fiscal
2009-2010 Fiscal
2010-2011

Class 1 (1-3 family homes) 17.088% 17.788%

Class 2 (multiple dwellings) 13.241% 13.353%

Class 4 (commercial property) 10.426% 10.227%
But these rates were not established in time to be applied to our July 1st tax bills. The Department of Finance must send out those bills mid-June. Therefore, the Department of Finance applied last year’s tax rate (13.241%) to this year’s assessment on July and October 2010 tax bills. The shortfall will be made up on our January and April tax bills, which will reflect the new rate of 13.353% PLUS the additional 0.112% not billed in July and October. This should not be overlooked in budget planning .

for the EL 2 rate - most commonly charged for residential buildings , there will be NO increase for gas or electric for 2011 !!!!

Can you please give me the official source of this information. I could not find it mentioned anywhere. Thank you.

Babara

For the small commercial rate commonly used by buildings. the last raise went into effect in April 2010 and the man told me there are no more next year.

I pulled this from coed's web site:

quote"
Frequently Asked Questions

What does the Con Edison rate plan include?

The plan includes a levelized annual increase of approximately $420 million in each of the three years, April 1, 2010 through March 31, 2013. Once again, increased taxes drive a substantial portion of the rate plan, accounting for approximately 30 percent of the overall increase.

How will this affect customers’ bills?

A typical New York City residential customer using 300 kilowatt-hours of electricity a month would see a total bill increase of approximately $3.63 per month in the first year. A typical Westchester County residential customer, using 450 kilowatt-hours of electricity a month, would see a total bill increase of approximately $5.04 per month in the first year.
" end quote

I suspect that commercial plans are affected as well.

Thanks. am working to confirm. But Con Ed told me this press release can be used to budget:

http://tinyurl.com/ycawyjg