Peconic Bay Community Preservation Fund Revenues Top $6.1 Million for April 2012
Revenues are 21.7% higher than April a year ago
May 25, 2012

Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor) today reported that 2012 revenues for the Peconic Bay Community Preservation Fund (CPF) for the first four months produced revenue of $16.61 million. A year ago $17.62 million was collected for the same period. April revenues totaled $6.11 million. CPF revenues for the same month last year were $5.03 million.

The number of transactions for the first four months of 2012 was 1,927 compared with 1,835 a year ago. Since its inception on 1999, the Peconic Bay Regional Community Preservation Fund has now generated $739.05 million.

Thiele stated, "Anecdotally, there has been a buzz in the real estate industry that activity has picked up in recent weeks. The April CPF numbers support that position. Hopefully, this is an indication that we are entering a robust period for real estate sales."

Below are revenues by Town for the first four months of 2012 compared with 2011.