Erie City Council Approves New LERTA
The local economic revitalization tax assistance program gives property owners in the target area a ten year tax break on new construction or renovations with the LERTA decreasing by 10% every year.
In non-target areas, a five year tax break will be available with a 20% decrease per year.
The original ordinance excluded a section of the waterfront, but after an amendment from Councilwoman Jessica Horan-Kunco, a section of the waterfront is now included.
The area is a portion of water front property south of the bluff and north of the midline of
It's now part of the non-target LERTA.
The LERTA program was set to expire in November.
The
