Council Abates Nearly $700,000 Formerly Owed by Elmhurst Memorial
The tax burden would have fallen onto the city's other property owners since EMH has been ruled tax-exempt for 2012 forward.
Elmhurst Memorial Healthcare's financial rating was downgraded again this month by Fitch Ratings.
EMHC
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A vote on the Elmhurst City Council on Monday night removed nearly $700,000 formerly owed to the city and library by Elmhurst Memorial Healthcare before attaining tax-exempt status.
The new Elmhurst Memorial Hospital has been declared tax-exempt for 2012 by the state of Illinois, due to its level of charity care. (No ruling has been handed down on the hospital's tax status from 2009-2011, which may require an additional refund to the hospital.)
The abatement for now frees Elmhurst property owners from shouldering any of the tax burden from the void in funding.
Jim R
7:27 am on Thursday, March 7, 2013
Not sure why there status was changed considering the way they spent money on new construction. Based upon their facility fees seems to imply they are after money not the welfare of the people, or are the facility fees to pay for their supposed charity work. If the latter is the case maybe the patient should be able to declare it as a charity contribution as it is not covered by insurance.
Considering it was the state of Illinois which declared it as tax exempt should be no surprise as you know what those morons have done with our taxes. Well if this hospital is tax exempt I would like to see them post the salaries of their upper management.