The month of May was a merry one for Community Preservation Fund revenues, with $8.9 million generated across the five East End towns.
The Peconic Bay CPF took in $39.25 million in the first five months of 2015, compared with $38.26 million during the same period last year, an increase of 2.6 percent. The number of transactions for the first five months also was up this year, at 2,978, compared to 2,940 a year ago.
As usual, Southampton Town took in the most revenues over five months, $23.69 million, compared to $22.5 million last year, a 5.3-percent increase. East Hampton Town took in $11.33 million, down 2.8 percent from $11.66 million in 2014.
Riverhead Town took in $1.22 million, a 22.8-percent drop from the $1.58 million collected in the first five months of 2014. Southold Town saw the greatest gain, jumping 27.1 percent, from $1.7 million in 2014 to $2.16 million this year. Shelter Island Town’s revenues also went up, from $820,000 to $850,000, a 3.7-percent increase.
Since its inception in 1999, the CPF has generated $1.03 billion, according to a press release from the office of State Assemblyman Fred W. Thiele Jr. In the last 12 months, the CPF has raised $108.58 million for land preservation and related purposes.
on Jun 29, 2015