Assemblyman Fred W. Thiele, Jr. (I, D, WF-Sag Harbor) today reported that 2017 first quarter revenues for the Peconic Bay Community Preservation Fund (CPF) were $22.13 million, 14.6% LOWER than the first quarter a year ago when $25.91 million was collected. March 2017 revenues totaled $7.36 million compared with $7.02 million in March 2016. The number of first quarter transactions was 1,258 compared with 1,250 a year ago. Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.207 billion. In the last 12 months, the CPF has generated $89.94 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 three months of 2017 has continued that trend. Revenues for the quarter are lower than a year ago. However, it is noted that March 2017 revenues were slightly higher than a year ago. The decline is most pronounced in East Hampton Town.” Below are revenues by Town for the first quarter of 2016 compared with 2017.