Peconic Bay Community Preservation Fund Revenues are $38.23 Million for First Half of 2019 Compared With $50.17 Million In 2018

Revenues re 23.8% LOWER than last year; Cumulative CPF revenues total $1.42 billion
July 29, 2019

Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor) today reported that 2019 revenues for the Peconic Bay Community Preservation Fund (CPF) for the first six months produced revenue of $38.23 million. A year ago $50.17 million was collected for the same period, or 23.8% percent LESS than last year. June revenues totaled $8.8 million. CPF revenues for the same month last year were $9.64 million.

Since its inception on 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.42 billion. The CPF has generated $87 million in the last 12 months.

Below are revenues by Town for the first six months of 2018 compared with 2019.

2018($)

2019($)

% increase

East Hampton

16.77m

11.72m

-30.1%

Riverhead

2.05m

1.50m

-26.8%

Shelter Island

0.59m

0.81m

+37.2%

Southampton

26.88m

20.61m

-23.3%

Southold

3.88m

3.59m

-7.5%

Total

50.17m

49.29m

-23.8%