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Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details 
  
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Adair Co. Hospital District plans tax that will survive WRH sale Story in progress; now posted:
Next here: The Adair County Hospital Board of Trustees - CHAIRMAN JIM EVANS, and members John Nall, Russell Guy Perkins, Bruce White, and Josh Harden - voted last night to initiate fast track re-institution of a tax to survive the proposed sale of Westlake Hospital. Spectrum Health Partners' Rodger Klein reports record low census, $658,677 deficit for month of May, 2012 with cumulative loss of over $2.5 million under Spectrum Health Partners management. Interim CEO, Spectrum's Tim Menton announces departure. Interim CFO, Rodger Klein, rotates to CEO. "Shortfall" guesstimate from Spectrum Healthcare Partner Ken Doran, now at $2.5 million (and may grow; unlikely to be reduced) will face Hospital District - but not Adair Fiscal Court, Rodger Klein said- should sale go through. Good News One less Spectrum Health Partner to pay for: Columbian Tammy Curry steps up to Chief Financial Officer. By Ed Waggener Story in Progress It now appears that Adair County taxpayers may be left with a Spectrum Health Partners/Current Adair County Hospital Board legacy tax to pay for the "shortfall" should a proposed sale of Westlake Regional Hospital assets to LifePoint go through. At last night's Board of Trustees' meeting - Tuesday, June 26, 2012 - now Interim CEO Rodger Klein unveiled plans to initiate a fast track re-institution of a 3.7 cent per $100 of property tax to pay for a "shortfall" in the sale now guesstimated by Ken Doran of Spectrum at $2.5 million dollars. All five members of the Adair County Hospital Board of Trustees were present and voted for the authorization. According to Klein, he has learned from State and Local Government in Frankfort that if the Hospital District re-institutes the tax at its last rate, 3.7 cents per $100 of assessed valuation, the tax would be non-recallable.The tax means, he said, that property owners with $100,000 of assessed valuation would pay an additional $37 in property tax.He said he did learn that the Adair County Hospital District, not the Adair County Fiscal Court, is the entity which is responsible for any of "shortfall" after the sale.To implement the tax and start the collection this year, the paperwork must be in place no later than August 1, 2012.To that end, the Board approved, unanimously, to authorize the hospital management to proceed on the following timetable:
The allowable tax for the taxing district is up to 10 cents per $100 of assessed valuation, but the strategy Spectrum Health Partners recommended was to avoid any rate over 3.7 cents, a rate which the District can impose but is not subject to recall. Coincidentally, the "shortfall" now guesstimated by Spectrum Health Partners of $2.5 million approximates the loss Westlake Regional Hospital has accumulated in just the past 11 months under the management of Spectrum Health Partners and the oversight of most of the current board members. Spectrum presents "Status of Hospital Transaction" Spectrum now looking at July 31 or August 31 sale closing date A prepared statement was issued to media and the Adair County Hospital District Board of Trustees: Roger Klein, who was present at the meeting in person, explained that the document was from Ken Doran, who was present via telephone speaker phone, and was, at the time, in Chicago. This story was posted on 2012-06-27 04:58:25
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Have comments or corrections for this story? Use our contact form and let us know. More articles from topic News:
62nd Harvey-Loy Reunion July 7, 2012, at Wheat Fellowship Hall Gov. Beshear in Campbellsville, KY: $746,000 water tank grant Agenda, Adair Co. Hospital Board Meeting Junior Clay (J.R.) Lair, Metcalfe Co. KY, (d. June 25, 2012) Matrie Pendleton, Casey County, KY (1939-2012) Traffic update: Work may slow traffic on KY 55, Broadway Melissa Keith honored as APTA National Student of the Year Special Called Meeting, Fiscal Court/Adair 911 Board, July 3 2012 CU to host reception for Korean War soldiers in new book (Ad) Adair Farmers Market: Tuesday, June 26, 2012 View even more articles in topic News |
 
115 Jamestown St. Columbia, KY. 270-384-2496 
  
   
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