Peconic Bay Community Preservation Fund Revenues for First Four Months of 2018 Increase 10.7% Compared With 2017

Four month revenues are $31.6 million in 2018 compared with $28.55 million in 2017

Assemblyman Fred W. Thiele, Jr. (I, D, WF-Sag Harbor) today reported that 2018 revenues for the Peconic Bay Community Preservation Fund (CPF) for the first four months were $31.6 million, 10.7% HIGHER than the first four months a year ago, when $28.55 million was collected. April 2018 revenues totaled $8.2 million compared with $6.41 million in April 2017. Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.315 billion. The 2% tax under the CPF expires in 2050. Below are revenues by Town for the first four months of 2018 compared with 2017.


2018($) 2017($) % increase
East Hampton 9.69m 8.06m +20.2%
Riverhead 1.35m 0.97m +39.2%
Shelter Island 0.44m 0.60m -26.7%
Southampton 17.53m 16.72m +4.8%
Southold 2.58m 2.20m +17.3%
Total 31.60m 28.55m +10.7%