Peconic Bay Community Preservation Fund Revenues Top $7.34 Million for May 2012
Fund generates most revenue since June 2011
June 26, 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 five months produced revenue of $23.95 million. A year ago $24.07 million was collected for the same period, less than a percentage point less than last year. April revenues totaled $7.34 million. CPF revenues for the same month last year were $6.44 million.

The number of transactions for the first five months of 2012 was 2,488 compared with 2,324 a year ago. Since its inception on 1999, the Peconic Bay Regional Community Preservation Fund has generated $746.39 million.

Thiele stated, "The last two months have seen robust activity in real estate sales with increases in real estate sales and revenue. In particular, real estate activity is substantially higher in the Town of East Hampton when compared with a year ago. After a slow first quarter in 2012, the second quarter is seeing increases over 2011."

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