REMARKS
Council Member Gennaro appreciates IBO's stance on water rental payments
2:25:37
·
26 sec
Council Member James F. Gennaro expresses gratitude to the Independent Budget Office (IBO) for joining the opposition to water rental payments. He mentions his efforts to address this issue, including getting the Water Board to pass a resolution and introducing a bill about notification.
- Gennaro emphasizes the need for state-level action to eliminate rental payments entirely
- He highlights the importance of bringing attention to this lesser-known issue
James F. Gennaro
2:25:37
Well, I I I really thank IBO, you know, forgetting on the, you know, anti rental payment in bandwagon.
2:25:50
I've already flipped the war to board into doing a resolution.
2:25:54
I got my bill today as about, like, notification.
2:25:58
But we gotta get the state to sort of, like, cut this out altogether.
2:26:02
Only they can do that.
2:26:03
And What's not in your testimony is that, you know, the maximum rental payment that the American asked for is 50% of the annual debt service paid by the Water Finance Authority.
