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12/01/14 2:00pm
Reporter File Photo Assemblyman Fred Thiele Jr. released CPF numbers reflecting a turnaround for Shelter Island.

Reporter File Photo
Assemblyman Fred Thiele Jr. released CPF numbers reflecting a turnaround for Shelter Island.

The turnaround that Shelter Island real estate professionals have been projecting for months has finally occurred.

While all other East End Towns saw increases in their Community Preservation Fund revenues — money resulting from a 2 percent tax buyers pay for property purchases in Suffolk County — Shelter Island’s CPF funds continued showing a downturn from 2013. (more…)