Board members are appointed to two-year terms by the Mayor, and in addition to establishing rates that provide sufficient revenue to operate and maintain the water and sewer system, strive to set rates that are equitable and fair, that encourage conservation, and that are easily.Preliminary Agenda (PDF) Announcement Concerning FY17 Rate Schedule How are water rates determined? Find answers to frequently asked questions at the. NYC DEP website. Videos Now Available Online Videos of New York City Water Board Public Hearings and Public Meetings are now available online.Announcements Notice is hereby given that a meeting of the New York City Water Board will be held on. Friday, February 24, 2017 at 8:30am at 22 Reade Street, 1st Floor, New York, NY, 1007.This includes salaries and benefits for more than 6,000 City employees, as well as major initiatives like the ongoing construction of Water Tunnel No. 3, the construction of a filtration plant for the Citys Croton system and significant upgrades and repairs to treatment plants, sewers.Like many large cities, the entirety of New York Citys water and sewer infrastructure is funded by revenue it collects through water and sewer rates. The New York City Water Board is responsible for setting these rates, and must ensure that they are able to.Click here to watch.