Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor) today reported that revenues for the Peconic Bay Community Preservation Fund (CPF) for the first 7 months of 2012 produced revenue of $34.57 million. A year ago $35.98 million was collected for the same period, or 3.9 percent less than last year. June revenues totaled $4.90 million. CPF revenues for the same month last year were $4.47 million.
Since its inception on 1999, the Peconic Bay Regional Community Preservation Fund has generated $757 million or more than ĺ of a billion dollars.
Thiele stated, "After 7 months, CPF revenues of $34.57 million are on track with 2010 and 2011, where $58.78 and $58.85 million were collected for each full year, respectively. In particular, real estate activity is substantially higher in the Town of East Hampton when compared with a year ago."
Below are revenues by Town for the first seven months of 2012 compared with 2011.