Assemblyman Fred W. Thiele, Jr. (I, D, WF-Sag Harbor) today reported that revenues for the first four months of 2017 the Peconic Bay Community Preservation Fund (CPF) were $28.55 million, 10.5% LOWER than the same period a year ago when $31.91 million was collected. April 2017 revenues totaled $6.41 million compared with $6 million in April 2016. The number of transactions for the first four months of 2017 was 1,875; identical to a year ago. Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.213 billion. In the last 12 months, the CPF has generated $90.35 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 the program’s highest year in 2014, declining by about 7% a year over the last two years. The first four months of 2017 has continued that trend. However, it is noted that March and April 2017 revenues were slightly higher than a year ago. The decline for the four month period is most pronounced in East Hampton Town.” Below are revenues by Town for the first four months of 2017 compared with 2016: