CPF Revenues Up 5.5 Percent

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The Peconic Bay Community Preservation Fund has received revenues of $48.28 million for the first half of 2015, about 5.5 percent more than it took in during the same period last year, Assemblyman Fred W. Thiele Jr. announced in a release.

A year ago $45.76 million was collected during the first six months of the year. June revenues totaled $9.02 million. CPF revenues for the same month last year were $7.50 million.

Since its inception on 1999, the Peconic Bay Regional Community Preservation Fund has generated $1.0408 billion. The CPF has generated $110.3 million in the last 12 months.

East Hampton Town’s revenues increased by 6.5 percent to $14.77 million this year, and Southampton Town reported a gain of 5.8 percent, to $28.35 million. Southold saw a nearly 25 percent increase, to $2.76 million. Revenues were down by 20.7 percent, to $1.42 million, in Riverhead, and off by 11.8 percent in Shelter Island, where $970,000 was collected.

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