I’m not quite sure what “Reboot Illinois” is, but reporter Nancy Mathieson has picked up on the humongous amount of money that the McHenry County Board is hoarding in its Valley Hi Nursing Home account.
But she mis-characterizes the state of the controversy.
She says, this “local controversy was quietly settled” when the levy for next spring’s tax bills was set at zero.
Mathieson asks the right question:
“How did Valley Hi Nursing Home in only nine years accumulate $43 million, or over half the size of the county’s entire annual property tax revenues?”
Mike Walkup is quoted in the article, as if District 4 County Board member Chuck Wheeler.
Walkup points out that a 2002 referendum was passed by about 5,000 votes with about 75,000 cast.
It seems to me that what to do to get rid of the surplus should be the top County Board issue.
Two alternatives have surfaced:
- Invest the $40+ million and use the interest to cover any operating deficits (no recent ones have been much since the nursing home is pretty much self-sufficient).
- Got to court and ask permission to rebate the money.