Illinois lawmakers are closer to a solution as to how to disperse the leftover money from the now closed Wood River Township Hospital. It was announced earlier this year that the Wood River Township Hospital Board had reached a point that it would be able to meet its future financial obligations and had about $8.5 million dollars remaining. A bill is moving forward in Springfield that would return the money to taxpayers.
The Illinois Municipal Retirement Fund apparently has plenty of money to pay the pensions associated with the hospital, so a refund is in order. But State Senator Bill Haine (D-Alton) says not everyone is pleased with the plan to have the money go through the Madison County Clerk's office instead of the office of the treasurer.
Leaders of some taxing bodies believe the money could best be spent by them so as to benefit the most taxpayers. The plan now awaits action in the House, where State Representative Dan Beiser (D-Alton) will sponsor the plan.