Peconic Bay Community Preservation Fund Revenues for First 11 Months of 2018 Total $90.28 Million Compared with $87.81 Million in 2017

Revenues Are 2.8% HIGHER than last year; Cumulative CPF revenues total $1.374 billion

Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor) today reported that revenues for the Peconic Bay Community Preservation Fund (CPF) produced $90.28 million in revenue for the Peconic Bay Region in the first 11 months of 2018, compared with $87.81 million in 2017. Revenue for 2018 was 2.8% HIGHER than the same period in 2017. Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.374 billion. The CPF has generated $97.6 million in the last 12 months.

Below are revenues by Town for the first 11 months of 2018 compared with 2017.

2017 (m)

2018 (m)

% increase

East Hampton            

24.46

29.43

+20.3%

Riverhead

3.11

4.34

+39.3%

Shelter Island 

1.51

1.03

-31.8%

Southampton  

52.18

48.46

-7.1%

Southold

6.55

7.03

+7.3%

Totals

87.81

90.28

+2.8%