Peconic Bay Community Preservation Fund Revenues for First Four Months of 2018 Increase 10.7% Compared With 2017
Four month revenues are $31.6 million in 2018 compared with $28.55 million in 2017
May 21, 2018
Assemblyman Fred W. Thiele, Jr. (I, D, WF-Sag Harbor) today reported that 2018 revenues for the Peconic Bay Community Preservation Fund (CPF) for the first four months were $31.6 million, 10.7% HIGHER than the first four months a year ago, when $28.55 million was collected. April 2018 revenues totaled $8.2 million compared with $6.41 million in April 2017. Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.315 billion. The 2% tax under the CPF expires in 2050. Below are revenues by Town for the first four months of 2018 compared with 2017.
|
2018($) | 2017($) | % increase |
East Hampton | 9.69m | 8.06m | +20.2% |
Riverhead | 1.35m | 0.97m | +39.2% |
Shelter Island | 0.44m | 0.60m | -26.7% |
Southampton | 17.53m | 16.72m | +4.8% |
Southold | 2.58m | 2.20m | +17.3% |
Total | 31.60m | 28.55m | +10.7% |