Revenues for the Peconic Bay Community Preservation Fund are up 3 percent for the first 10 months of 2018 over first 10 months of 2017, New York State Assemblyman Fred W. Thiele Jr. reported on Tuesday.
According to Mr. Thiele, through October of 2018, the five East End towns have collected $81.27 million in revenue for community preservation projects, compared to $78.88 million during the same period of 2017. October revenues topped 2017 as well, said Mr. Thiele, with the East End towns collecting $8.31 million compared to $7.53 million in 2017.
Riverhead Town has seen the greatest increase in revenues, taking in $4.04 million so far in 2018, compared to $2.82 million in 2017, a 43.3 percent increase. East Hampton Town saw an increase of 23.9 percent in CPF revenues in 2018, drawing in $26.82 million. Southold Town experienced a modest bump in CPF revenues, taking in $6.14 million in 2018, a 2.7 percent increase over 2017.
Shelter Island Town had the biggest dip in CPF collection for 2018, earning $970,000 in 2018 compared to $1.35 million in 2017. In Southampton Town, CPF revenues are down 8 percent, with the town capturing $43.3 million in 2018 compared to $47.09 million in 2017.
Since its inception in 1999, the Peconic Bay Regional Community Preservation
Fund has generated $1.364 billion across the five East End towns.