Westchester County Business Journal: 101419

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PRINT JOURNALISM: BECAUSE IT STILL MATTERS. OCTOBER 14, 2019 VOL. 55, No. 41

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DALIO BLASTS TRUMP

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TOURISM RECORD

westfaironline.com

Start your engine, pay more taxes GAS TAXES IN THE AREA ARE AMONG THE HIGHEST IN THE U.S. BY PETER KATZ pkatz@westfairinc.com

O

ne of the elements that has blended into the background for many people when they stop at the gas pump is the matter of taxes. Nothing more explicit than the phrase “including all taxes” may appear on price signs. A breakdown of what’s collected and for whom may require some digging. According to data from the American Petroleum Institute, New York state ranks seventh in the nation when it comes to gas taxes collected at the pump, with 64.36 cents per gallon being added to the cost of the fuel. Connecticut is ranked

to 2019, according to state in ninth place at 60.51 cents data. Only 22.7% was spent per gallon. The highest gas on capital projects. tax is in California at 79.6 “We think that state and cents per gallon. Alaska has local sales taxes should be the lowest gas tax at 33.06 dedicated to transportation, cents. Included in the numto road and bridge repair bers is 18.4 cents per gallon and construction,” said in federal tax. Not all of the Robert Sinclair Jr., the manmoney winds up being spent Open ager of media relations for on asphalt. TWB Ossining Now Banner AAA Northeast. “Currently, In New York, 38.5%Ad went 6” woperations, x 1.5” h that is not the case.” to pay for state 10-2-19, r2 Sinclair added that AAA 24.6% for state debt service is in favor of a modest and 14.1% for local debt service on average from 2012 » GAS TAX 6

REPORT: PRICE CUTS DRIVE SALES GAINS IN LUXURY REAL ESTATE THE SOFTENING OF PRICES IN NEW YORK CITY IS ‘SHRINKING THE BUYER POOL’ BY PETER KATZ pkatz@westfairinc.com

THE BOTTOM LINE OF THE

most recent Houlihan Lawrence report on luxury home sales in Westchester and Fairfield counties is that realistic pricing is the key to sales. Anthony Cutugno, senior vice president and the director of private brokerage for Rye Brook-based Houlihan Lawrence, said “Luxury sales

Daniel Alvarez

NOW SERVING OSSINING

Victoria Penta

increased because prices have fallen and buyers are transacting on compelling value propositions.” In some cases, prices are down dramatically compared with what they were when the houses were first listed. “In Westchester, the $3 million-to-$4 million price range accounted for most of the gains in third-quarter sales,” Cutugno said.

John Tolomer

240 S. HIGHLAND AVE. TheWestchesterBank.com

» REAL ESTATE

Caroline Ioimo

Marlen Messina

914-502-4421

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