Categorized | Government, Page 1

Peconic Bay CPF Revenues Up 8-Percent

Posted on 27 April 2014

Peconic Bay Community Preservation Fund revenues are up 8 percent over last year’s first quarter, bringing in $21.85 million so far in 2014.

According to Assemblyman Fred W. Thiele Jr.’s office, March 2014 revenues for the CPF, which are collected in the five East End towns through a 2-percent real estate transfer tax, were $7.25 million, compared to $4.19 million in March 2013.

The number of first-quarter transactions was 1,716 compared with 2,164 a year ago. Since its inception in 199, the Peconic Bay CPF has generated $906.59 million. In the last 12 months, the CPF has generated $97.05 million. The CPF expires in 2030.

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