Peconic Bay Community Preservation Fund Revenues for January 2013 Total $11.13 Million
February 20, 2013
Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor) today reported that the Peconic Bay Community Preservation Fund (CPF) produced $11.13 million in revenue for the Peconic Bay Region for January 2013. This compared with $3.41 million a year ago. That represents a 226% increase from last January. There were 1054 transactions this year compared with 499 a year ago. The January 2013 total is the highest month total since May 2007. The CPF has generated $789.77 million since its inception in 1999. The 2% transfer tax expires in 2030.
Below are revenues by Town for January 2013 compared with 2012:
Town
2012
2013
% change
East Hampton
$0.85m
$2.31m
+171.8%
Riverhead
$0.20m
$0.24m
+20.0%
Shelter Island
$0.03m
$0.57m
+1800.0%
Southampton
$2.15m
$7.49m
+248.4%
Southold
$0.17m
$0.51m
+200.0%