Peconic Bay Community Preservation Fund Reaches $11.03 Million for 2013

Posted on 04 December 2013

Assemblyman Fred W. Thiele, Jr. reported this week revenues for the Peconic Bay Community Preservation Fund (CPF) produced $11.03 million in October 2013. This compares with $6.02 million a year ago. The 10-month total for 2013 of $75.73 million is 50.9 percent higher than a year ago for the same period when $50.19 million was collected, according to Thiele.

Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $865.03 million. The CPF expires in 2030. The CPF has generated $92.38 million over the last 12 months. Based on recent activity, CPF revenues are projected to be in the $90 million range for 2013. Revenues for 2012 totaled $66.84 million.

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