Assemblyman Fred W. Thiele, Jr. announced this week the 2013 revenues for the Peconic Bay Community Preservation Fund (CPF) for the first six months produced revenue of $43.87 million. A year ago $29.62 million was collected for the same period, or 48.1 percent more than last year. June revenues totaled $7.49 million. CPF revenues for the same month last year were $5.66 million.
The number of transactions for the first six months of 2013 was 4,100 compared with 3,051 a year ago. Since its inception on 1999, the Peconic Bay Regional Community Preservation Fund has generated $833.17 million.
“At the half year mark, CPF revenues of $43.87 million are on track to produce $85 million to $90 million, the highest annual total since 2007, before the Great Recession,” said Thiele.
East Hampton Town saw an increase of 59.2 percent in the first half of 2013, collecting $14.33 million in CPF revenue compared to $9 million last year. Southampton Town also saw gains, bringing in $25.62 million compared to $17.78 million during the same time last year, a 44.1 percent increase. Shelter Island has increased its CPF revenues by 205 percent, taking in $1.16 million for the first half of 2013, compared with $380,000 for the same time last year. Riverhead also saw gains, earning $1.06 million, a 30.9 percent increase over the same period last year when it collected $810,000. Southold Town also gained 3.7 percent in CPF revenues for the first half of 2013, earning $1.69 million.