Annville Township and Lebanon Valley College have confirmed a tentative agreement for the college to make voluntary contributions to offset lost revenue from its tax exempt-properties.
Buildings and land used for educational purposes are generally exempt from local taxes, even though the institutions often benefit from municipal services such as police, fire, and sewer, the same as tax-paying residents.
Starting with LVC’s Fall 2022 semester and continuing for five years, the college will pay $30 per full-time undergraduate student per semester, according to township administrator Nicholas Yingst and Molly O’Brien-Foelsch, LVC’s vice president of marketing & communications.
O’Brien-Foelsch said that LVC has about 1,630 full-time undergrads, which would generate $97,800 annually in payments to the township. The township’s 2021 budget was $2,260,496.
The unofficial minutes of the township’s Nov. 3 supervisors’ meeting, posted on its website, state that attorneys for the parties will be working out the details of a formal agreement.
LVC is adding a Bachelor of Science in Nursing degree to its course offerings, and plans to erect a nursing building east of the Arnold Health Professions Pavilion on the north side of campus. O’Brien-Foelsch stressed that no additional property will be removed from the tax rolls because of the nursing building construction.
“LVC has supported the township for many years,” she said. “This new agreement continues that support in a manner consistent with the college’s size.”
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