Peconic Bay Community Preservation Fund Revenues for February Total $7.60 Million
Two month total is $14.61 million compared with $16.05 million a year ago, or a decrease of 9%
March 18, 2014
Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor) today reported that revenues for the Peconic Bay Community Preservation Fund (CPF) produced $7.60 million in revenue for the Peconic Bay Region for February 2014 compared with $4.92 million a year ago, or a 54.5% increase. The year-to-date total is $14.61 million. This compares with $16.05 million a year ago, or a 9% decrease. Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $899.34 million. In the last 12 months, the CPF has generated $93.99 million. The 2% transfer tax under the CPF expires in 2030
Below are revenues by Town to date for 2014 compared with the same period in 2013:
($)2012
($)2013
%increase
East Hampton
4.40m
3.66m
-16.9%
Riverhead
0.37m
0.44m
+18.9%
Shelter Island
0.62m
0.51m
-17.7%
Southampton
9.92m
9.41m
-5.1%
Southold
0.73m
0.59m
-19.2 %