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%