State Assemblyman Fred W. Thiele, Jr. reported last week that revenues for the Peconic Bay Community Preservation Fund (CPF) for the first eight months of 2013 produced revenue of $58.53 million. A year ago $39.27 million was collected for the same period, or 49 percent more than last year.
August revenues totaled $5.86 million. CPF revenues for the same month last year were $4.70 million.
Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated $847.83 million for the preservation of open space, farmland, historic properties and recreational fields.
The number of transactions for the first eight months of 2013 was 5,472 compared with 4,057 a year ago
“At the two-thirds year mark, CPF revenues are on track to produce $85 to $90 million, the highest annual total since 2007 before the Great Recession,” said Thiele.
East Hampton Town has earned $18.84 million in 2013 so far, over $12.33 million in 2012, a 52.8 percent increase. Southampton Town has earned $34.07 million in 2013, a 50.5 percent increase. Shelter Island has seen the largest gains, earning $1.49 million in 2013 over $730,000 in 2012, a 104.1 percent increase. Riverhead Town has seen a 45.9 percent increase in CPF revenues in 2013, bringing in $1.62 million. Southold Town has seen the smallest gains, earning $2.5 million in 2013, a 1.2 percent increase.