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Hamptons.com
December 31, 2019

Peconic Bay Community Preservation Fund Sees 23.2 Percent Decrease

Nicole Barylskiby Nicole Barylski
in Community
Home Community

For the first 11 months of 2019 the Peconic Bay Community Preservation Fund (CPF) produced $69.29 million in revenue for the Peconic Bay Region, which is more than $20 million less than the same time period in 2018, as noted in a report released by Assemblyman Fred W. Thiele, Jr. (I-Sag Harbor). In 2018 during that time frame the CPF produced $90.28 million, a 23.2 percent decrease.

Revenues by Town for 11 months in 2019 compared with 2018.



The Peconic Bay Regional Community Preservation Fund, which was created in 1999, has generated $1.451 billion since its inception. Over the past 12 months it has generated $78 million. Its 2019 revenue projection is approximately $76 million, which would be the lowest yearly sum since the 2008-2012 period during the Great Recession.

Shelter Island is the sole town that has experienced an increase in revenues during 2019.

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