Peconic Bay Community Preservation Fund Revenues are $52.67 Million for First 7 Months of 2013
Revenues are 52.4% above the same period in 2012
August 19, 2013

Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor) today reported that revenues for the Peconic Bay Community Preservation Fund (CPF) for the first 7 months of 2013 produced revenue of $52.67 million. A year ago $34.57 million was collected for the same period, or 52.4 percent more than last year. July revenues totaled $8.80 million. CPF revenues for the same month last year were $4.95 million.

Since its inception on 1999, the Peconic Bay Regional Community Preservation Fund has generated $841.97 million.

The number of transactions for the first seven (7) months of 2013 was 4,840 compared with 3,533 a year ago

Thiele stated, "At the half year mark, CPF revenues are on track to produce over $90 million, the highest annual total since 2007, before the Great Recession."

Below are revenues by Town for the first six months of 2013 compared with 2012.

2012($) 2013($) % increase
East Hampton 10.45m 16.86m +61.3%
Riverhead 0.93m 1.37m +47.3%
Shelter Island 0.62m 1.36m +119.4%
Southampton 20.56m 30.85m +50.0%
Southold 2.02m 2.23m +10.4%
Total $34.57m $52.67m +52.4%