New structure could fund economic development projects
By Chris Sardelli
Wednesday, May 29, 2013 at 6:00 am (Updated: May 29, 6:00 am)
County officials adamantly debated the pros and cons of a potential revenue source that could eventually boost local economic development.
The plan was presented during the Lancaster County Council meeting on May 20 by members of the county’s finance committee and Lancaster County Economic Development Corp. President Keith Tunnell.
Councilman Brian Carnes explained that the proposed plan would divert 7 percent of the revenue from every fee-in-lieu of taxes agreement (FILOT) the county enters into with new companies who set up shop here.
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