Peconic Bay Community Preservation Fund Revenues Total $8.94 Million in May 2018
Fund Generates $40.53 Million for the First 5 Months of 2018; Compared With $38.07 Million a Year Ago, or 6.5% More Than 2017
June 25, 2018
Assemblyman Fred W. Thiele, Jr. (I, D, WF, WE - Sag Harbor) today reported that 2018 revenues for the Peconic Bay Community Preservation Fund for the first 5 months produced revenue of $40.53 million. A year ago, $38.07 million was collected for the same period. This represents a 6.5% increase. Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.323 billion. The 2% tax under the CPF expires in 2050. Below are revenues by Town for the first five months of 2018 compared with 2017.
|
|
2018($) | 2017($) | % increase |
| East Hampton | 12.86m | 10.10m | + 21.5% |
| Riverhead | 1.81m | 1.17m | + 54.7% |
| Shelter Island | 0.47m | 0.80m | - 41.3% |
| Southampton | 22.07m | 23.09m | - 4.4% |
| Southold | 3.33m | 2.90m | + 14.8% |
| Total | 40.53m | 38.07m | + 6.5% |