The NYC Water Board is expected to vote today to approve a 12.9% water rate hike. But wait, didn't they raise the prices? It certainly feels that way—this is the third double-digit rate hike in a row; the rate last went up 11.5% in 2007. Of course, the DEP had orginally proposed a 14% rate hike—which would raise an average single-family home's fees from $799 to $911 a year—so maybe we're getting off easy? According to the Daily News, the DEP was able to trim the rate hike from 14% to 12.9% because fuel costs are falling, but officials say the increase is still necessary because of 5% budget cuts the city is forcing on agencies. Councilman David Weprin (D-Queens) says, "Enough is enough. These water rate hikes have amounted to nothing more than a backdoor property tax increase." And in a statement, city Comptroller William Thompson grouses, "A 12.9 percent water rate hike is still outrageous. This reduction is a drop in the bucket and simply too little, too late... As I’ve shown, these charges are gouging New York City families and small businesses precisely at a time when they can least afford it."