Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor) today reported that revenues for the Peconic Bay Community Preservation Fund (CPF) produced $107.69 million in revenue for the Peconic Bay Region in 2014, the highest annual total in history. It demolished the previous annual record of $96.02 million set in 2007, before the Great Recession. The CPF took in $14.43 million in revenue for the Peconic Bay Region for December 2014, also the highest one month total in the history of the program. Revenue for 2014 is 12.8% higher than in 2013 when $95.43 million was collected. The Towns of Southampton and East Hampton also generated its highest annual revenue in the history of the program in 2014.

Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $992.52 million. The CPF could exceed the $1 billion mark in the next month or two.

Thiele stated, "It is clear that the real estate industry on the East End is in its strongest position since the start of the recession in 2008. CPF revenues have increased by 167% since 2009 and have consistently grown for the past five years. Town CPF funds should now be flush with cash, allowing Towns to be aggressive in protecting lands for open space, farmland, parks and recreation, and historic preservation purposes. Further, we are now well positioned to extend the fund for an additional 20 years and add water to land preservation in our efforts to protect the East End's community character."

Below are revenues by Town for 2013 compared with 2014 and the annual program revenues by Town since 1999 (table attached).