North Shore Hospital does not increase its levy for 2013
Cook County property taxpayers can expect some increases in their 2013 property taxes, but they won’t see an increase in the hospital levy. On December 20, 2012, the hospital board voted to keep it at $800,000 for another year.
“My hope had been to decrease it,” said North Shore Hospital & Care Center Administrator Kimber Wraalstad. Given financial projections for next year, she was not comfortable recommending that the levy be decreased but thought they could handle keeping it the same.
Board member Tom Spence pointed out that they expect to go to the taxpayers for a lot of money in facility renovations in the next several years. He said he wanted taxpayers to see that the hospital was trying to do the right thing with their money.
Administrator Wraalstad said she was disappointed to see a projected loss of $200,000 when working on the new year’s budget. The loss could be greater with potential federal funding cuts of over $200,000 and up to $400,000 that could go toward building renovation if the board decides to pursue it.
The hospital ended 2012 in the black for the first time since 2008. Wraalstad told the board it was due to a reduction in care center beds, a change in funding structure called Equitable Cost-Sharing for Publicly Owned Nursing Facilities, an increase in swing bed volume, the ability to do MRIs, and the addition of occupational therapy.