Assemblyman Fred W. Thiele, Jr. today reported that 2021 first quarter revenues for the Peconic Bay Community Preservation Fund (CPF) were $55.22 million, 78.6% higher than the first quarter a year ago when $30.92 million was collected. The $55.22 million for the first quarter is the largest first quarter in the 23-year history of the CPF Program. March 2021 revenues totaled $18.15 million compared with $10.19 million in March 2020.

Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.655 billion. In the last 12 months, the CPF has generated $164 million. The 2% tax under the CPF expires in 2050.

Thiele stated, “Revenues for the CPF continue to reflect the significant increase in real estate activity on the East End since the advent of the pandemic. This marks the eighth straight month that revenues have exceeded $10 million per month. The last six months have all exceeded $15 million per month.”

Below are revenues by Town for the 1^st quarter of 2021 compared with 2020.