Peconic Bay Community Preservation Fund (CPF) Revenues are $45.76 Million for First Half of 2014 Compared With $43.87 Million in 2013
Revenues are 4.3% above last year; cumulative CPF revenues total $930.5 million
July 24, 2014

Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor) today reported that 2014 revenues for the Peconic Bay Community Preservation Fund for the first six months produced revenue of $45.76 million. A year ago $43.87 million was collected for the same period, or 4.3% percent more than last year. June revenues totaled $7.50 million. CPF revenues for the same month last year were $7.49 million.

The number of transactions for the first six months of 2014 was 3,591 compared with 4,100 a year ago. Since its inception on 1999, the Peconic Bay Regional Community Preservation Fund has generated $930.5 million. The CPF has generated $97.33 million in the last 12 months.

Thiele stated, "The CPF continues to see steady growth in revenues in the first six months of 2014, exceeding 2013 by 4.3%. The highest percentage increases have been on the North Fork. 2013 was the second largest year for CPF revenues, exceeded only by 2007. For the first six months, CPF revenues have been consistently between $7 and $8 million per month. This reflects the continued strength and stability in East End real estate and the continued availability to local Towns of the necessary revenues to protect community character."

Below are revenues by Town for the first six months of 2013 compared with 2014.


($)2013
($)2014
%increase


East Hampton
14.33m
13.87m
-3.2%


Riverhead
1.06m
1.79m
+68.9%


Shelter Island
1.16m
1.10m
-5.2%


Southampton
25.62m
26.79m
+4.6%


Southold
1.69m
2.21m
+30.8%


Total
$43.87
$45.76
+4.3%