Peconic Bay Community Preservation Fund Revenues Up 54-Percent in February

Posted on 19 March 2014

Assemblyman Fred W. Thiele Jr. announced this week that revenues for the Peconic Bay Community Preservation Fund produced $7.60 million in revenue for the five East End towns for February 2014, compared with $4.92 million in 2013, a 54.5-percent increase. In 2014, a total of $14.61 million has been raised so far, which is a 9-percent decrease from last year.

Since its inception in 1999, the Peconic Bay Regional CPF has generated $899.34 million through a 2-percent real estate transfer tax. The 2-percent transfer tax under the CPF expires in 2030.

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