Peconic Bay region community preservation fund revenues are up 5.5 percent in the first six months of 2015 compared to the same period last year, South Fork Assemblyman Fred Thiele announced yesterday. The boost reflects an increase in the overall number of real estate transactions in the five East End towns and the ongoing recovery in the local real estate market, according … [Read more...] about Real estate recovery boosts CPF tax revenues in first 6 months of 2015 — but not in Riverhead, where revenues fall
CPF
CPF revenues rebound in ’14, mirroring improvement in local real estate market
Annual Community Preservation Fund revenues collected by the five East End towns have nearly doubled since the bottom fell out of the real estate market in the economic crash of 2008, according to data released last week by South Fork Assemblyman Fred Thiele. The 2-percent transfer tax that generates the CPF produced revenues of $107.69 million for the five towns in 2014, … [Read more...] about CPF revenues rebound in ’14, mirroring improvement in local real estate market