From former McHenry County Board member Ersel Schuster: Dear County Board Members: In different capacities, I have for years participated in oversight of the McHenry County Valley Hi Nursing Home. For these reasons, I believe I can speak with a … Continue reading
Category Archives: Surplus
Past Republican Party County Board members can take full credit for overtaxing local residents for the county’s nursing home, Valley Hi. Voters passed a referendum to build a new complex and Board members decided to keep the money rolling in … Continue reading
This letter recently appeared in the Northwest Herald. It is reproduced here with permission from its author, Woodstock resident Curtis Payne. Against Jack Franks Jack Franks wants to give back a one-time payment to the taxpayers of $150. So what happens … Continue reading
From Wirepoints, reprinted with permission: Some Illinois governments are hoarding taxpayer funds By: Ted Dabrowski and John Klingner It’s bad enough that Illinoisans are forced to pay the nation’s highest property taxes. It’s even worse if many of those dollars sit … Continue reading
From the Illinois News Network: Lawmaker wants townships with big bank accounts to return money to taxpayers By Greg Bishop | Illinois News Network A township in central Illinois that overtaxed residents for years is returning more than $735,000 to … Continue reading
In the Committee of the Whole Meeting of the McHenry County Board Thursday, I was astounded at a statement that Finance Committee Chairman Mike Skala made. He said there “has to be statutes saying we can’t do it, a statute, … Continue reading
A Freedom of information request was made of McHenry County government for statutory authorization to send $100 checks to all homeowners, except those who do not claim Homestead Exemptions. Here is the disingenuous reply: McHenry County Administration is in receipt … Continue reading
The $100 checks, said to be refunds of part of the almost $40 million surplus built up by past County Boards after the nursing home building bonds were paid off under the “If we don’t take it, we’ll lose it … Continue reading
Cary School Board President Scott Coffey weighs in on the $100 flat rate very partial rebate of money unneeded in the $40 million Valley Hi Nursing Home Fund: Should not the resolution of the question of how much fund balance … Continue reading
Besides the 5,500 homeowners who do not take a Homestead Exemption, all business property and farms are excluded from the partial re-distribution of real estate taxes paid by all property owners in years past. Democrats in Illinois have signed on … Continue reading
Come October 16th the McHenry County Board will be voting on whether to draw down the incredible Valley Hi Nursing Home surplus of about $40 million by an amount equal to $100 per household. $8.8 million in checks would be written … Continue reading
A press release from McHenry County Board Chairman Jack Franks: McHenry County Board advances $100 Per Household Rebate From $40 Million Valley Hi Surplus WOODSTOCK, Ill. – McHenry County homeowners will each get $100 refunded to them from the massive … Continue reading
Here’s what bond analyst Steve Willson suggests: The amount of money a school district keeps is not a function of what other districts keep. The amount of money needed is a well defined function in business. It’s based on the … Continue reading
On September 8th, McHenry County Blog published the article below. Since then the County has reduced the proposed Valley Hi levy to $10,000, but shifting most of the originally proposed $2.75 million for Valley Hi to other line items. The … Continue reading
With the time rolling around when the McHenry County Board will be voting on how much to extract from our wallets in property taxes, there is $2.75 million still in the tentative budget for the Valley Hi Nursing Home. As … Continue reading
This morning, the McHenry County Board’s Public Health and Human Services Committee considered a recommending that property owners be taxed $2.75 million for the Valley Hi Nursing Home next year. That’s the amount in the budget document considered and passed … Continue reading
In an email blasted out by Jack Franks for his County Board Chairmanship campaign, He promises to cut county government’s property tax levy by 10% the first day he is in office. That would be during the first week of December, if … Continue reading
The almost break-even Valley Hi Nursing Home now has over $41 million in the bank. Last year State Rep. Steve Andersson and State Senator Pam Althoff passed House Bill 1500. The new language can be read below: (55 ILCS 5/6-1003) … Continue reading
Susan Handelsman, who regularly attends the Valley Hi Nursing Home’s Operating Board meetings, left the following long comment under my story about the consultant’s report last week. I think it will add to the discussion of what to do with … Continue reading
From the minutes of the Valley Hi Operating Board’s February 24th meeting: In FY 2015 there was approximately $10.4 million in revenues and $10.5 million in expenses. It was noted that the operating income before depreciation was -$128,882, depreciation was … Continue reading