No tax increase due to Carle if City of Urbana agrees to settlement
Carle understands the struggles facing municipalities and is willing to do what it can to help. In 2013, Carle reached settlement agreements with the Urbana Park District and Urbana School District that allowed these two taxing bodies to keep a substantial portion of the escrowed amount of property taxes paid by Carle under protest. The two taxing bodies essentially were given an amount equal to six years of property tax payments for the former Carle Clinic properties - the School District kept $5.1 million and the Park District kept $933,000, plus interest. This settlement effectively wiped out any direct Carle impact on their budgets for the next five to six years.
Carle has been more than willing to settle the ongoing property tax litigation with the City of Urbana, as it did with Urbana School District and Urbana Park District. Carle has offered a settlement to the city that would eliminate the $329,837 shortfall as a result of Carle receiving additional exemptions on the former Carle Clinic properties in 2013. If a settlement could be reached, the City of Urbana would see no effect to their tax revenues due to Carle for up to six years. In other words, the taxpayers of Urbana would not have to pay a penny more in property taxes for more than six years due to Carle's exempt status if the mayor would simply settle under the proposed terms that have been offered three times in the last two years.
There is simply no reason for taxpayers to pay more in property taxes due to Carle's exempt status. And there is no reason to extend the litigation in light of the law's clarity about charity care and the fact that Carle far exceeds the requirements for charity care and other local benefits. The taxpayers of Urbana deserve resolution, and Carle has been, and continues to be, willing to resolve this dispute.