Peconic Bay Community Preservation Fund Revenues Are $64.7 Million for First Nine Months of 2013
Revenues are 46.5% more than same period in 2012
October 23, 2013

Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor) today reported that revenues for the Peconic Bay Community Preservation Fund (CPF) for the first nine months of 2013 produced revenue of $64.7 million. A year ago $44.17 million was collected for the same period, or 46.5% more than last year. August revenues totaled $6.16 million. CPF revenues for the same month last year were $4.9 million.

Since its inception on 1999, the Peconic Bay Regional Community Preservation Fund has generated $854 million.

The number of transactions for the first nine months of 2013 was 6,114 compared with 4,532 a year ago.

Thiele stated, "At the 3/4 year mark, CPF revenues are on track to produce $85-$90 million, the highest annual total since 2007, before the Great Recession."

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


($)2012
($)2013
%increase


East Hampton
13.66m
20.92m
+53.1%


Riverhead
1.25m
1.77m
+41.6%


Shelter Island
0.83m
1.61m
+94%


Southampton
25.68m
37.41m
+45.7%


Southold
2.74m
2.98m
+8.8%


Total
$44.17m
$64.7m
+49%