Peconic Bay Community Preservation Fund Revenues are $43.87 Million for First Half of 2013
Revenues are 48.1% above the same period in 2012; Cumulative CPF revenues total $833.17 million
July 23, 2013

Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor) today reported that 2013 revenues for the Peconic Bay Community Preservation Fund (CPF) for the first 6 months produced revenue of $43.87 million. A year ago $29.62 million was collected for the same period, or 48.1% percent more than last year. June revenues totaled $7.49 million. CPF revenues for the same month last year were $5.66 million.

The number of transactions for the first six (6) months of 2013 was 4,100 compared with 3,051 a year ago. Since its inception on 1999, the Peconic Bay Regional Community Preservation Fund has generated $833.17 million.

Thiele stated, "At the half year mark, CPF revenues of $43.87 million are on track to produce $85 million to $90 million, the highest annual total since 2007, before the Great Recession."

Below are revenues by Town for the first six months of 2013 compared with 2012.

2012($) 2013($) % increase
East Hampton 9.00m 14.33m +59.2%
Riverhead 0.81m 1.06m +30.9%
Shelter Island 0.38m 1.16m +205.3%
Southampton 17.78m 25.62m +44.1%
Southold 1.63m 1.69m +3.7%
Total $29.62m $43.87 + 48.1%