Assemblyman Fred W. Thiele, Jr. today reported that 2021 revenues for the Peconic Bay Community Preservation Fund (CPF) for the first 7 months produced revenue of $131.29 million. A year ago, $61.1 million was collected for the same period. Revenues for 2021 to date are 114.8% MORE than a year ago. July revenues totaled $17.78 million in 2021 compared to $7.82 million for the same month last year.

Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.732 billion. The CPF has generated $209.6 million in the last 12 months. 

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 COVID-19 pandemic. This marks the 12^th straight month that revenues have exceeded $10 million per month. The last 10 months have all exceeded $15 million per month. It has been reported that because of declining inventory, rising prices, and the end of emergency pandemic measures, that new contract activity has slowed recently from pandemic highs. This is yet to be reflected in these revenue numbers but should be anticipated in coming months.”

Below are revenues by Town for the first seven months of 2021 compared with 2020.