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Preservation Fund Still Breaking Records

Due to a booming real estate market, the Peconic Bay Region Community Preservation Fund collected $61.1 million in revenues so far this year, the most for the first seven months of a year in the program's history, Assemblyman Fred W. Thiele Jr. announced last week. 

The preservation fund, which provides money for land preservation, water quality improvement, and the protection of maritime heritage, receives the proceeds of a 2-percent real estate transfer tax. The money goes to the five East End towns: East Hampton, Southampton, Shelter Island, Southold, and Riverhead.