Peconic Bay Community Preservation Fund revenues for the month of February totaled $7.6 million—a spike of 54.5 percent above the $4.9 million collected by the fund in February 2013.
But even with the jump, the overall total for this year still lags behind 2013 figures. In the first two months of 2013, the CPF took in just less than $16.1 million, or 9 percent more than the $14.6 million accepted this January and February.
State Assemblyman Fred W. Thiele Jr.’s office released the February totals last week. Over January and February of this year, Riverhead was the only town whose CPF revenues went up, from $370,000 last year to $440,000 this year, a nearly 19 percent increase.
East Hampton’s total, meanwhile, dropped 16.9 percent, from $4.4 million to almost $3.7 million, and Southampton’s from $9.9 million to $9.4 million, a 5.1 percent decrease, for the first two months of 2014 compared to the same time in 2013.
CPF revenues dropped 17.7 percent for Shelter Island, from $620,000 for the first two months of 2013 to $510,000 for the same time in 2014, and 19.2 percent for Southold Town, from $730,000 to $590,000 over the same time.
The CPF is funded with a 2-percent tax on most real estate transactions and is primarily used to preserve open space. It has generated more than $899.34 million in revenues since its inception in 1999, and over the last year has generated almost $94 million, according to Mr. Thiele’s office.
on Mar 22, 2014