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The board passed the ranges of 2-5% 1y and 4-7% 2yr. There will now be public hearings and comment with the final vote coming in June.
I smell 2-3% on 1y and 4-5% 2yr. Similar to last year. We shall see!
As one stated previously there was never any danger of 15% or whatever high numbers first thrown out of passing. Again as stated proposed numbers would likely follow same as last years, and thus far on both scores am correct.
None of this is rocket science, you just have to examine prior RGB orders and what lead to final numbers to see patterns.
It is important to remember much of this angst and moaning is whipped up by certain media sources latching on to something they can exploit (huge rent increases) to generate interest.
There are two parts of RGB; one is the actual board itself that votes upon increases and is under direct mayoral control. Other is a bunch of wonks (civil servants) whose only job is to crunch data and prepare reports, they do not "suggest" or "recommend" anything.
The board passed the ranges of 2-5% 1y and 4-7% 2yr. There will now be public hearings and comment with the final vote coming in June.
I smell 2-3% on 1y and 4-5% 2yr. Similar to last year. We shall see!
It's not going to be lower than increases enacted last year. So that takes 2%-3% (one year) and anything under 5% (two year) off the table.
One year is likely to fall between 3.50% to 4.5% (outlier 5%) and two year 5.5% to 6.5% (7% being an outlier).
Over 20-30 years of this farce historically increases voted upon in June closely or exactly match preliminary vote held in May. Only time this hasn't happened (IIRC) was when BdeB got at RGB and forced through those years of 0% increases just to be strong on LLs and make his base happy. That is just not going to happen in June or indeed ever again.
It's not going to be lower than increases enacted last year. So that takes 2%-3% (one year) and anything under 5% (two year) off the table.
One year is likely to fall between 3.50% to 4.5% (outlier 5%) and two year 5.5% to 6.5% (7% being an outlier).
Over 20-30 years of this farce historically increases voted upon in June closely or exactly match preliminary vote held in May. Only time this hasn't happened (IIRC) was when BdeB got at RGB and forced through those years of 0% increases just to be strong on LLs and make his base happy. That is just not going to happen in June or indeed ever again.
My predictions are within the passed ranges, what's the issue? Feel free to make your own predictions and we'll see what the final numbers are. I hope it's lower in the range, obviously.
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