|Bolour, a native of Iran, is owner of the Doris Leslie Blau Gallery of antique carpets and custom-designed rugs in Manhattan.|
Editor's note: Subscribers received an e-mail from The Record that "a production issue" may delay delivery of today's paper. This post is based on a story that appears on the paper's Web site.
By VICTOR E. SASSON
Hackensack and other towns "may try to levy property taxes against non-profit hospitals now that Governor Christie has vetoed legislation" that would require them to pay a relatively small community service fee, The Record says.
Hackensack University Medical Center and other non-profits that claim exemption from property taxes shift the burden unfairly onto homeowners and businesses -- a story the Woodland Park daily has ignored for years.
Hackensack's assessor has successfully taxed $139 million in HUMC property, yielding about $4,877,000 a year.
But the main hospital complex, an additional $257 million in property that is tax exempt, would yield more than $10 million in revenue for the city, and likely halt the annual increase on other tax payers.
Under the proposed state law, HUMC would have paid the city $690,762 a year -- essentially chump change.
The hospital's parent company, Atlantic Health System, eventually settled, The Record says, "agreeing to pay $15.5 million to satisfy back taxes and interest, and will make future payments of about $1 million a year as tax on the for-profit part of its operation."
Washburn's story makes no reference to HUMC, the biggest non-profit hospital in North Jersey.
Hackensack, Englewood, Teaneck, Ridgewood, Wayne and Paterson now are free to repeat Morristown's successful challenge to the non-profit status of the hospital in their community.