Peconic Bay Community Preservation Fund Revenues Total $8.94 Million in May 2018

Fund Generates $40.53 Million for the First 5 Months of 2018; Compared With $38.07 Million a Year Ago, or 6.5% More Than 2017
June 25, 2018

Assemblyman Fred W. Thiele, Jr. (I, D, WF, WE - Sag Harbor) today reported that 2018 revenues for the Peconic Bay Community Preservation Fund for the first 5 months produced revenue of $40.53 million. A year ago, $38.07 million was collected for the same period. This represents a 6.5% increase.

Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.323 billion. The 2% tax under the CPF expires in 2050.

Below are revenues by Town for the first five months of 2018 compared with 2017.


2018($)

2017($)

% increase

East Hampton

12.86m

10.10m

+ 21.5%

Riverhead

1.81m

1.17m

+ 54.7%

Shelter Island

0.47m

0.80m

- 41.3%

Southampton

22.07m

23.09m

- 4.4%

Southold

3.33m

2.90m

+ 14.8%

Total

40.53m

38.07m

+ 6.5%