2011 CPF Revenues Down for Most Towns

Posted on 26 January 2012

This week, New York State Assembly Fred W. Thiele, Jr. announced that the Peconic Bay Community Preservation Fund (CPF) totals for 2011 were on par with revenues collected by the five towns in 2010.

According to Thiele, the CPF produced $58.85 million in 2011, a 0.1 percent increase over the 2010 total of $58.78 million. While total CPF revenues were slightly higher in 2011, the five East End towns with the exception of Southampton have actually seen a decline in the amount of revenues they have collected through the fund.

Southampton Town earned about 15-percent more in 2011, pulling in $38.88 million in CPF revenues over $33.79 million in 2010.

Shelter Island saw the largest decrease in CPF revenues, down 39.7 percent for 2011, collecting $820,000. East Hampton Town also saw a sharp decrease, taking in $13.86 million in 2011 compared to $17.72 million in 2010, a 21.8-percent decrease. Riverhead collected $1.93 million in 2011, a decrease of 15.7-percent over the $2.29 million the town earned in 2010. Southold also saw a decrease of 7.5-percent, taking $3.35 million in 2011 compared to $3.62 million in 2010.

Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated more than $722 million, which the five East End towns use for preservation of open space, farmland, recreational facilities and historic preservation.

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