January 2016 beat January 2015 in terms of Peconic Bay Community Preservation Fund revenues.
This January’s tally was $8.92 million—a 6.6-percent increase over last year’s $8.32 million in the first month.
Percentage-wise, the Town of Southold saw the biggest gain, from $300,000 last January to $570,000 this year, a 90-percent hike.
East Hampton Town’s CPF revenues went up 20.2 percent, from $2.43 million last January to $2.92 million this January.
Riverhead’s revenues rose 8.7 percent, from $230,000 to $250,000.
Southampton Town, which consistently has the highest revenues of the five towns in the Peconic Bay region, took in $5.14 million, up only marginally from last year’s $5.13 million. Comparatively tiny Shelter Island took in $50,000, an 81.5-percent decrease from last year’s $270,000.
Since its inception in 1999, the fund has generated $1.102 billion, according to a press release from the office of State Assemblyman Fred W. Thiele Jr. The money is used to preserve land for open space and similar uses, and an effort is afoot to extend its use to water preservation efforts as well.
27east on Mar 1, 2016