Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor) reported that the Peconic Bay Community Preservation Fund (CPF) produced $4.92 million in revenue for the Peconic Bay Region for February 2013. This compared with $3.32 million a year ago. For the year to date, revenues are $16.04 million compared with $6.73 million a year ago. That represents a 138% increase from last year. There have 1613 transactions this year compared with 952 a year ago. The CPF has generated $794.69 million since its inception in 1999. The 2% transfer tax expires in 2030.
Below are revenues this year to date for 2013 compared with 2012:
| Town | 2013 | 2013 | % change |
| East Hampton | $1.36m | $4.40m | +223.5% |
| Riverhead | $0.31m | $0.37m | +19.4% |
| Shelter Island | $0.05m | $0.63m | +1160% |
| Southampton | $4.52m | $9.92m | +119.5% |
| Southold | $0.47m | $0.73m | +55.3% |
Source: Assemblyman Fred W. Thiele, Jr. press release dated March 19, 2013.
The survival of local journalism depends on your support.
We are a small family-owned operation. You rely on us to stay informed, and we depend on you to make our work possible. Just a few dollars can help us continue to bring this important service to our community.
Support RiverheadLOCAL today.
