New York will announce a $40-million donation Tuesday to help water protect the city’s water supply, including a new aquifer.
The money will come from a tax-exempt corporation, the New York City Development Corporation.
The Corporation will use the money to create a new groundwater protection project to protect New York’s groundwater.
New York officials are hoping the project will boost the citys water supply and ease its crisis over its dwindling water supply.
The corporation’s board approved the plan Tuesday.
Water protection is a major priority for the city, which is currently suffering its third water crisis in four years.
The city, the nation’s fourth-largest, has an average of about 7.2 million acre-feet of water.
Its water supply is now at about 1.8 million acre feet, the lowest since 2000.
Officials said the city is in the midst of a major drought that is affecting farmers, businesses and homes.
The New York Times reported last month that more than 1,400 people were arrested for protesting the city water crisis, which has forced millions of people to boil their water and water plants to cool down.
New Yorkers are paying a high price for their water woes, which are costing the city $13 billion a year in lost revenue.
The federal government estimated that New York lost $6 billion last year in water-related damages.