Peconic Bay Community Preservation Fund Revenues for 2022 Total $172.63 Million Compared with $210.64 Million in 2021

2022 CPF revenues DECREASE 18% over 2021; However, 2022 is still the 2nd highest annual total for CPF revenue in history

Assemblyman Fred W. Thiele, Jr. (D-Sag Harbor) today reported the Peconic Bay Community Preservation Fund (CPF) produced $172.63 million in revenue for the Peconic Bay Region in 2022. Revenue for 2022 was 18% LOWER than in 2021. 2021 and 2022 are the two highest annual revenue years in CPF history. Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.982 billion.

Thiele stated, “After a volatile Fall 2022, CPF revenues have stabilized in the last two months at about $11.8 million per month. These monthly revenues are below late 2020 and 2021 but higher than pre-pandemic levels.”

Below are revenues by Town for 2022 compared with 2021 and the annual revenues by Town since 1999 (table attached).

2021 (m) 2022 (m) % increase
East Hampton 66.77 52.44 -21.5%
Riverhead 6.90 9.24 +33.9%
Shelter Island 4.97 2.85 -42.1%
Southampton 118.38 94.97 -19.8%
Southold 13.62 13.11 -3.7%
Totals 210.64 172.63 -18.0%

PECONIC BAY REGION COMMUNITY PRESERVATION FUND REVENUES
1999-PRESENT
MILLIONS OF DOLLARS

Year East Hampton Riverhead Shelter Island Southampton Southold Total
1999 3.12 0.42 0.34 8.33 1.04 13.25
2000 10.00 1.26 0.70 20.09 2.32 34.37
2001 7.84 2.41 0.53 15.35 2.77 28.90
2002 10.97 2.70 0.91 22.38 3.54 40.50
2003 11.25 3.71 1.03 26.26 4.35 46.60
2004 19.75 4.16 1.66 42.31 5.80 73.68
2005 25.50 5.55 2.02 51.06 6.94 91.07
2006 19.58 6.10 2.18 49.98 5.67 83.51
2007 30.06 4.33 2.24 53.53 5.86 96.02
2008 14.50 2.77 1.24 32.97 5.14 56.63
2009 10.18 1.62 0.84 24.77 2.88 40.30
2010 17.72 2.29 1.36 33.79 3.62 58.78
2011 13.86 1.94 0.82 38.88 3.35 58.85
2012 21.85 2.21 1.30 37.82 3.65 66.84
2013 28.15 2.58 2.05 57.79 4.86 95.43
2014 31.62 3.41 2.20 64.68 5.78 107.69
2015 28.89 3.17 1.98 60.00 6.25 100.29
2016 26.89 3.38 2.02 54.76 6.67 93.72
2017 26.65 3.67 2.02 56.41 7.16 95.90
2018 32.07 4.96 1.12 53.00 7.82 98.97
2019 22.65 3.42 1.54 42.86 7.41 77.88
2020 40.94 4.94 3.08 80.71 9.75 139.42
2021 66.77 6.90 4.97 118.38 13.62 210.64
2022 52.44 9.24 2.85 94.97 13.11 172.63
Total 573.25 87.14 41.0 1,141.07 139.33 1.9818b.