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You math is horrible, not everyone pays water. In fact some tax abatements like public housing is allowed to deduct water and other utilities before the city is paid, the reason they pay nothing to the city. The city is receiving $4 million per year. It takes $5 million to create one dollar of tax revenue. So this will be eighty cents per thousand or $80.00 each household if your home is assessed at $100,000. On top of that it is a perpetual water increase of 3.75% next year and all the following years. It is a backdoor tax.

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Let's do some figures:
Population of Jersey City (2013) was 257,342

This means every person will get $15.54 each this year,
then $2.29 per person / per year for the next 12 years.

All we need is if the MUA was to make a small mistake in their bills and it will cost them nothing and any gift is bogus!

Jersey City City Council votes on two controversial issues; terminates a tax abatement

By Michaelangelo Conte | The Jersey Journal
December 17, 2014 at 9:09 PM

Jersey City officials have introduced an ordinance to terminate a five-year tax exemption for a Downtown construction project and gave final passage on the use of the Municipal Utilities Authority surplus, as well as clearing the way to sell a city parking lot for development.

"The city conclusively determined that the entity commenced construction prior to receiving final approval from the municipal council and execution of the tax agreement, contrary to the requirement of the five year tax exemption,? says the ordinance related to the Downtown project.

The project at 129 Brunswick St. was to include a four-story residential building with seven apartments, the ordinance says. A city official said the building department learned that significant construction had been completed prior to final passage of the tax exemption ordinance.

Also tonight, the city council gave final passage to an ordinance which increases the annual franchise fees that the autonomous MUA pays the city to manage its water and sewer systems. The measure would use a huge MUA surplus to give the city a $4 million gift for next year's budget, and $27.5 million more over the following 12 years.

Read more:
http://www.nj.com/hudson/index.ssf/20 ... ates_a_tax_abatement.html