Peconic Bay Community Preservation Fund Revenues are $52.82 Million for First Eight Months of 2019 Compared With $66.79 Million in 2018

Revenues Are 20.9% LOWER than Last Year; Cumulative CPF Revenues Total $1.435 Billion
September 23, 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 eight months of 2019 produced revenue of $52.82 million. A year ago, $66.79 million was collected for the same period, or 20.9% percent LESS than last year. August revenues totaled $6.02 million. CPF revenues for the same month last year were $6.43 million.

Since its inception on 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.435 billion. The CPF has generated $85 million in the last 12 months.

Thiele stated, “CPF revenues remain substantially lower compared to 2018. However, revenues have stabilized in the last three months and more closely resemble revenues for last year. In May, revenues were down 27.4% for the year, the reduction through August has been reduced to 20.9%. Still, every month in 2019 is less than the corresponding month for 2018.”

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

2019($)

2018($)

% increase

East Hampton

15.24m

22.57m

-32.5%

Riverhead

2.17m

3.22m

-32.6%

Shelter Island

1.02m

77m

+32.5%

Southampton

29.33m

35.35m

-17.0%

Southold

5.07m

4.88m

+3.9%

Total

$52.82m

66.79m

-20.9%