REPORTER FILE PHOTO The Community Preservation Fund collects taxes on real estate sales to spend on open space aquisitions and water protection programs.
Shelter Island is bucking the trend when it comes to East End municipalities’ declining Community Preservation Funds. They are down throughout the East End by 14.6 percent for the first quarter of 2017 as compared with the same period last year.
But on the Island, which frequently lagged the other four towns last year, CPF revenues are up by 30 percent, rising from $330,000 for the first quarter of 2016 to $430,000 for the same period this year. Funds come from a 2 percent tax buyers pay to buy East End properties and is used to purchase open space and fund water protection programs. (more…)
50 YEARS AGO IN HISTORY
Expo 67, the World’s Fair, opened in Montreal with the date coinciding with the centennial of the Canadian Confederation.
Muhammad Ali refused military service and was stripped of his heavyweight boxing title for three years.
Fidel Castro announced all intellectual property belonged to the people and said Cuba would translate and publish technical literature without compensation.
Elvis Presley married Priscilla Beaulieu in Las Vegas.
The New York Knicks signed Bill Bradley to a four year $500,000 contract.
And on Shelter Island . . .
REPORTER FILE PHOTO The Community Preservation Fund collects taxes on real estate sales to spend on open space aquisitions and water protection programs
The first two months of 2017 have continued the downward trend in terms of Community Preservation Fund money going into East End town coffers for land and water preservation projects. (more…)
COURTESY PHOTO Assemblyman Fred Thiele Jr.
Ironically, on the same day that most Shelter Islanders experienced a brief power outage while Silver Beach residents were out for close to two hours, came word from Assemblyman Fred Thiele Jr. (I-Sag Harbor) that he is cosponsoring a bill to create a dedicated state fund to install underground utility lines across the state. (more…)
BEVERLEA WALZ PHOTO
Following a lobbying effort in Albany last week, Shelter Island Highway Superintendent Jay Card Jr. was optimistic about the amount of money the town could receive for road improvements in the next state budget. (more…)