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The fund, established in 1993, is primarily financed through the real estate transfer tax.
Real estate transfer tax revenues are generated by the real estate and housing industries.
Take a 2percentt real estate transfer tax now imposed on the East End and apply it to Brookhaven, too.
There is also Real Estate Transfer Tax (RETT) on resale properties, which is 3 per cent of the value of the property and is payable by the buyer.
Mr. Avalos said he would earmark money from the city's newly increased real estate transfer tax to fill the budget gap and keep the gardeners employed.
But state housing officials stress that the Fairview money will come from the sale of bonds and from real estate transfer taxes, not the state Treasury.
Assemblyman Tom DiNapoli of Nassau County has proposed legislation to give every town the option of creating a community preservation fund using a real estate transfer tax.
If the heritage area is adopted, administration offices and staff workers would probably be supported with funds from the state real estate transfer tax.
Their commission, usually 3percentt of the purchase price, is paid by the seller, who also pays the 3percentt real estate transfer tax.
Of the $5 million development rights purchase, 30percentt came from the town's real estate transfer tax, the remainder from Suffolk County's "greenways" funds.
It was raised by a voter-approved 2percentt real estate transfer tax that has produced $15 million since taking effect in April 1999.
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