Peconic Bay Community Preservation Fund Revenues are $84.39 Million for First 11 Months Of 2016 Compared with $91.05 Million in 2015
Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor) today reported that 2016 revenues for the Peconic Bay Community Preservation Fund for the first 11 months produced revenue of $84.39 million. A year ago $91.05 million was collected for the same period, or 7.3% percent LESS than last year. November revenues totaled $7.41 million. CPF revenues for the same month last year were $9.51 million or 22.1% LESS than a year ago.
Since its inception on 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.179 billion. The CPF has generated $93.63 million in the last 12 months.
Thiele stated, "The CPF revenues in the first 11 months of 2016 are less than 2015 by 7.3%. CPF revenues are on pace to exceed $90 million for the year. The decline over the past year can be attributed to the Hamptons, primarily the Town of Southampton which has seen revenues dipped by $6.29 million. "
Below are revenues by Town for the first 11 months of 2016 compared with 2015.
($)2015 | ($)2016 | %increase | |
East Hampton | 25.75m | 25.04m | - 2.7% |
Riverhead | 2.96m | 3.02m | + 2.0% |
Shelter Island | 1.78m | 1.82m | + 2.2% |
Southampton | 54.97m | 48.68m | -11.4 % |
Southold | 5.60m | 5.82m | + 3.9% |
Total | $91.06m | 84.39m | - 7.3% |