The head of the Wood River Township Hospital Board says a dozen years of waiting to wrap up the finances of the facility is nearly over. The hospital closed in 2000, but the board remained active to ensure hospital employee pensions were covered. Last year, Illinois Municipal Retirement Fund reported it had plenty of money to pay the pensions associated with the hospital, so a tax refund is heading to property owners in the district.
Hospital Board Chairman Chris Slusser says since the state passed the law making the refund possible, only a few legal issues stand between the property owners and their money.
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The hospital’s remaining funds will be given back to the taxpayers of Wood River Township based on property value. Once that is done, the hospital will dissolve once and for all.