Peconic Bay Community Preservation Fund Revenues are $34.57 Million for First 7 Months of 2012
Revenues are 3.9% below same period in 2011
August 21, 2012

Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor) today reported that revenues for the Peconic Bay Community Preservation Fund (CPF) for the first 7 months of 2012 produced revenue of $34.57 million. A year ago $35.98 million was collected for the same period, or 3.9 percent less than last year. June revenues totaled $4.90 million. CPF revenues for the same month last year were $4.47 million.

Since its inception on 1999, the Peconic Bay Regional Community Preservation Fund has generated $757 million or more than of a billion dollars.

Thiele stated, "After 7 months, CPF revenues of $34.57 million are on track with 2010 and 2011, where $58.78 and $58.85 million were collected for each full year, respectively. In particular, real estate activity is substantially higher in the Town of East Hampton when compared with a year ago."

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


2011 ($)
2012($)
% increase

East Hampton
8.03m
10.45m
+30.1%

Riverhead
1.11m
0.93m
-16.2%

Shelter Island
0.52m
0.62m
+19.2%

Southampton
24.36m
20.56m
-15.6%

Southold
1.95m
2.02m
+3.5%

Total
$35.98m
$34.57m
-3.9%