Peconic Bay Community Preservation Fund Revenues are $58.53 Million for First 8 Months of 2013
Revenues are 49% more than same period in 2012
September 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 eight (8) months of 2013 produced revenue of $58.53 million. A year ago $39.27 million was collected for the same period, or 49% more than last year. August revenues totaled $5.86 million. CPF revenues for the same month last year were $4.70 million.

Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $847.83 million.

The number of transactions for the first eight (8) months of 2013 was 5,472 compared with 4,057 a year ago

Thiele stated, "At the 2/3rds year mark, CPF revenues are on track to produce $85-$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
12.33m
18.84m
+52.8%


Riverhead
1.11m
1.62m
+45.9%


Shelter Island
0.73m
1.49m
+104.1%


Southampton
22.64m
34.07m
+50.5%


Southold
2.47m
2.50m
+1.2%


Total
$39.27m
$58.53m
+49%