Richmond Township to explore LERTA program to incentivize development
Supervisors voted to explore a Local Economic Revitalization Tax Assistance (LERTA) program that would hold taxes on new developments for two to three years to encourage people to stay or move into the township.
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The township agreed to explore adopting a LERTA Program after adding the item to the agenda by motion. Supervisor Potts moved to add LERTA to the agenda and Supervisor Rankin seconded; the motion to add carried. At the following agenda item, Supervisor Potts moved and Supervisor Morton seconded a motion to explore the program; the motion carried with three ayes.
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