Cash-strapped local governments around the state may be looking at non-profit hospitals with new eyes, now that the non-profit Morristown Medical Center has agreed to pay its hometown $15.5 million over the next decade to settle demands for property taxes. State Senate President Stephen Sweeney and Sen. Robert Singer, a Lakewood Republican, said this year that they would seek legislative action after Election Day. They will need to balance a range of competing interests: the need for additional government revenue and help for heavily taxed voters as well as the potential effect on employment and services at essential, and sometimes struggling, institutions.
“Many of our hospitals are the largest employers in their municipalities,” the two senators said in a joint statement this summer. “We need to be aware of the effect any changes could have but believe that there is a responsibility that the hospitals pay their fair share.” read more here
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