Tax Benefits for Schuyler County
The modified storage facility is expected to add millions of dollars of tax base for Schuyler County, which can be used to upgrade local infrastructure, fix local schools, and support public programs.
The storage project will also help Schuyler County and its communities diversify and broaden their tax base, helping upstate communities better withstand economic downturns. A diverse and stable tax base give local governments the fiscal confidence to build the infrastructure their communities need.
Over the last two years, Crestwood has paid more than $7.3 million in New York State property taxes, including more than $850,000 of real property taxes in Schuyler County.
Job Benefits for Watkins Glen
Crestwood’s proposed storage facility would create at least 20 to 30 construction jobs and 3-5 permanent jobs.
With more than 150 employees at US Salt and our existing storage facilities nearby, Crestwood is in Schuyler County for the long haul. We’ve invested tens of millions of dollars to modernize the salt plant and make it more sustainable for our employees. We’ve created jobs at US Salt, with plans to add more.
Crestwood's job creation already plays an important role in Schuyler County. Schuyler County's Countywide Comprehensive County Plan (May 2014) suggests the median household income in Reading (almost $60,000) - where Crestwood is the largest employer - is the highest in the county.
Compare this to Watkins Glen ($35,000), the lowest, where most depend on part-time and seasonal tourism jobs.
Cost Benefits for New Yorkers
Increased local storage will mean true long-term stability for New Yorkers that depend on propane for their homes and businesses. Supply constraints can lead to unexpected price spikes that many rural communities can not afford.
The Finger Lakes LPG Storage Project will help to alleviate the supply constraints and save New Yorkers money.
Energy Benefits for the United States
Consuming greater volumes of domestically produced propane means we rely less on foreign-sourced propane, which would help our nation become energy independent. Energy independence has clear and wide ranging benefits to our national and state economies.
Environmental Benefits for Our Future
Propane is not a greenhouse gas and has been approved by U.S. Government energy policy makers and administrative bodies as a clean-burning fuel source. It emits virtually no soot and low carbon-monoxide, hydrogen, and oxides of nitrogen, which are the basic precursors of ground-level ozone (smog).
Propane is non-toxic and is not damaging to soils or water ecosystems.