Peconic Bay Community Preservation Fund Revenues are $107.44 Million for First Half of 2022 Compared with $113.5 Million in 2021

Revenues Are 5.3% LOWER than last year; Cumulative CPF revenues total $1.918 billion

Assemblyman Fred W. Thiele, Jr. (D-Sag Harbor) today reported that 2022 revenues for the Peconic Bay Community Preservation Fund (CPF) for the first six months were $107.44 million. A year ago, $113.5 million was collected for the same period, or 5.3% percent LESS than last year. June revenues totaled $17.85 million. CPF revenues for the same month last year were $19.82 million. Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.918 billion. The CPF has generated $204.5 million in the last 12 months.

Thiele stated, “Real estate activity is less than a year ago. However, CPF revenues in 2022 remain at historically high levels when compared to revenues before the pandemic. Revenues for the first six months of 2022 are the second highest for the first six months in the 24-year history of the program (except 2021). The 2022 revenues for six months are higher than 20 of 23 years (except 2014, 2020, and 2021) for 12 months.”

Below are revenues by Town for the first six months of 2022 compared with 2021.

2022($) 2021($) % increase
East Hampton 35.14m 38.14m -7.9%
Riverhead 4.75m 3.30m +43.9%
Shelter Island 1.48m 2.49m -40.6%
Southampton 59.20m 62.96m -6.0%
Southold 6.87m 6.61m +3.9%
Total 107.44m 113.50m -5.3%