Peconic Bay Community Preservation Fund Revenues for October Total $11.03 Million
CPF totals $75.73m for 10 months of 2013, compared with $50.19m for 2012
December 2, 2013

Assemblyman Fred W. Thiele, Jr. (I, D, WF-Sag Harbor) today reported that revenues for the Peconic Bay Community Preservation Fund (CPF) produced $11.03 million in revenue for the Peconic Bay Region for October 2013. This compares with $6.02 million a year ago. The 10 month total for 2013 of $75.73 million is 50.9% higher than a year ago for the same period when $50.19 million was collected.

Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $865.03 million. The CPF expires in 2030. The CPF has generated $92.38 million over the last 12 months. Based on recent activity, CPF revenues are projected to be in the $90 million range for 2013. Revenues for 2012 totaled $66.84 million.

The number of transaction for the first 10 months of 2013 total 6,884 compared with 5,972 for the same period last year. Below are revenues for the first ten months by Town for 2013 and 2012:


($)2012
($)2013
%increase


East Hampton
15.97m
22.88m
+43.3%


Riverhead
1.44m
2.13m
+47.9%


Shelter Island
0.96m
1.67m
+74.0%


Southampton
28.80m
44.50m
+54.5%


Southold
3.02m
3.54m
+17.2%


Total
50.19m
75.73m
+50.9%