Assemblyman Fred W. Thiele, Jr. (D-Sag Harbor) today reported that 2022 first quarter revenues for the Peconic Bay Community Preservation Fund were $56.1 million, 1.6% higher than the first quarter a year ago when $55.22 million was collected.The $56.1 million for the first quarter is the largest first quarter in the 24-year history of the CPF Program. March 2022 revenues totaled $16.81 million compared with $18.15 million in March 2021, or 7.4% less than the same month last year.
Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.867 billion. In the last 12 months, the CPF has generated $211.5 million.This is the 20th consecutive month that revenues have exceeded $10 million. The 2% tax under the CPF expires in 2050.
Below are revenues by Town for the 1st quarter of 2022 compared with 2021.