Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor) today reported that 2017 revenues for the Peconic Bay Community Preservation Fund (CPF) for the first five months produced revenue of $38.07 million. A year ago, $38.78 million was collected for the same period. This represents a 1.8% decrease. Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.223 billion. In the last 12 months, the CPF has generated $93 million. The 2% tax under the CPF expires in 2050. Thiele stated, “Real estate sales on the East End have plateaued since reaching a record high in 2014. CPF revenues in 2016 were 13% lower than 2014, declining by about 7% a year. The first quarter of 2017 continued that trend. However, it is noted that March, April, and May 2017 revenues were $3.4 million higher than a year ago. Revenues have shown increasing strength in the last three months and warrant continued review. Revenues may now be on the upswing again. Revenues are down by 25% in East Hampton, but have exhibited growth in the other four Towns. CPF revenues are on pace to exceed $90 million for the year.” Below are revenues by Town for the first five months of 2017 compared with 2016.