Another Good Month for CPF

Posted on 27 August 2014

Another month, another windfall for the Peconic Bay Community Preservation Fund.

According to figures released by Assemblyman Fred W. Thiele Jr., the CPF collected a total of $9.94 million during the month of July in the five East End towns. Last year for the same period, CPF revenues were $8.8 million.

Total revenue for the first seven months of the year has been $55.7 million an increase of 5.8 percent over the same period last year when $52.7 million was collected.

Southampton leads all towns, having collected $32.4 million this year, up from $30.8 million over the first seven months last year. East Hampton has collected $17.4 million, up from $16.9 million. Southold has collected $2.8 million, up from $2.2 million; Riverhead has received $1.9 million, up from $1.4 million, while Shelter Island has seen a dip to $1.2 million from $1.4 million.

Since its inception in 1999, the CPF has generated $940.4 million. The CPF has generated $98.47 million over the last 12 months.

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