Waynesboro-area government officials are continuing to gather information about possibly adopting a tax abatement program designed to spur economic growth.
Representatives of the Borough of Waynesboro, Washington Township and Waynesboro Area School District plan to meet next Tuesday evening to further discuss bringing a Local Economic Revitalization Tax Abatement, or LERTA, program to the community.
Their efforts mirror those from nearby Greencastle, Pa., where new LERTA zones were recently put in place.
Greencastle was working in response to possibly losing World Kitchen to another community.
Through LERTA, a commercial or industrial property owner can receive tax savings for a period of time after making property improvements. For example, if $100,000 worth of improvements are made on a $200,000 property, the owner could only pay full real estate taxes on the $200,000 — not $300,000 — for several years.
Washington Township Manager Mike Christopher said Wednesday he would hope LERTA could help bring jobs to the Wharf Road Industrial Park and several other sites. He said tax abatement could provide an incentive to businesses leery of the township not being immediately adjacent to an interstate.
Also, savings through LERTA could offset the township’s traffic impact fees on some new development, Christopher said.
“This may be a way to balance that out,” he said.
Representatives of the Waynesboro-area boards will meet with the Franklin County Area Development Corp. at 7 p.m. Tuesday in the school district building at 210 Clayton Ave.