About a million New Yorkers will be affected by the board authorized rent increase of 8.5% for two-year leases and 5.5% for one-year leases on stabilized apartments, and the Times article a lot of detailed information about landlords say is playing into the increase (property taxes, fuel and insurance). Newsday: "Half the stabilized apartments are occupied by families earning less than $32,000 a year, with Michael McKee, headed of a tenants' right organization, saying, 'It is clear that board members don't care about families earning $2,000 to $3,000 per month who might now have to pay more than $1,000 a month to stay in their apartments.'"
The Times article also adds, "The board's decision not to approve the double-digit increases urged by landlord groups reflected how much tenants, too, have been reeling because of record unemployment and a weak economy." Gothamist can't quite fathom double digits increases.
The Daily News gives a schedule of the next board meetings discussing rent increases, all of them public.
To add to the list of increases, water rates are rising too, mainly because of security costs around our water supply in the Catskills.
The city's site on Rental Guidelines.