Community Preservation Fund Nears $200 Million For First 11 Months Of 2021 - 27 East

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Community Preservation Fund Nears $200 Million For First 11 Months Of 2021

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CPF revenues by town for 11 months in 2021, compared with 2020.

CPF revenues by town for 11 months in 2021, compared with 2020.

authorMichelle Trauring on Jan 25, 2022

Without including revenue from December, last year’s Peconic Bay Community Preservation Fund has seen a 65.2 percent increase over the same period in 2020 — producing $195.1 million compared to $118.1 million the year prior.

In the first 11 months of 2021, Southampton brought in the lion’s share of the revenue, at nearly $111 million, while Shelter Island saw the largest percent increase from $2.3 million to about $4.3 million — an almost 86-percent jump.

“We’re so fortunate that we have this Community Preservation Fund,” Southampton Town Supervisor Jay Schneiderman said. “I think more money came in in preservation dollars last year than we took in in property taxes.”

Since its inception in 1999, the CPF has generated nearly $1.8 billion — $216.4 million in the last 12 months and $17.68 million of that in November alone, compared to $15.5 million in 2020. This marks the 16th straight month that revenues have exceeded $10 million.

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