News
Pandemic’s hot real estate market drives East End preservation tax revenues to historic high
Peconic Bay Community Preservation Fund's revenues in 2020 — $139.42 million —were higher than any other year in the preservation program's 22-year history.
News
Hot real estate market driven by COVID ‘exodus’ sets record in land preservation tax collection
An 'exodus' of city dwellers to the East End caused record-setting collections of the 2% real estate transfer tax in the first eight months of 2020, according to Assemblyman Fred Thiele.
News
Governor vetoes bill to establish affordable housing fund with new tax on luxury homes
Legislation that would have authorized the five East End towns to establish affordable housing funds financed by a new real estate transfer tax of .5% was vetoed by Gov. Andrew Cuomo Friday.
Upcoming
Southampton Town accepting applications for water quality improvement projects
Southampton Town will accept applications for the second round of CPF water quality improvement projects through March 15, 2019.
Real Estate
Preservation fund revenues rise in 2017, up 8.3 percent in Riverhead
Real estate transfer tax revenues in 2017 reached the fourth highest total in the 19-year history of the program, Assemblyman Fred Thiele announced this week.
News
Second quarter home sales surge in Riverhead, boosting CPF tax revenues
Second quarter sales in Riverhead Town topped $51 million, an increase of almost 19 percent over the second quarter of 2016.
Guest Column
In My Opinion Why you should vote ‘yes’ for Prop One – for land preservation and water quality
Residents of the Town of Riverhead, you and I have what it takes to shape the future of our community, ensure our rural quality of life, and continue to protect our critical, natural resources.
Government
Riverhead Town Board wrap: Riverhead (finally) finishes environmental review on EPCAL plan, OKs more $ for skate park
Riverhead Town has completed a five-and-a-half-year environmental review process on a new development plan for its remaining property at the former Grumman facility in Calverton.
The...
News
Riverhead Town prepares for debt refinance, will ask investors to refund land preservation bonds this summer
Riverhead officials will head to Wall Street this summer, hoping to at least maintain the town's current credit rating.
Suffolk Closeup
Suffolk Closeup:The story behind the East End’s 2-percent transfer tax
A look back on how one of the most successful land preservation programs in the U.S. took root.
