Log in Subscribe
Letter to the Editor

The Shadow Charity

Dave Colavito
Posted 3/5/24

Rock Hill

To the editor:

County records show reconciled expenses Infinite Care owes the county for operations at the adult Care Center 4Q21 through 4Q22 total over $6.5M. 2023 amounts are …

This item is available in full to subscribers.

Please log in to continue

Log in
Letter to the Editor

The Shadow Charity

Posted

Rock Hill

To the editor:

County records show reconciled expenses Infinite Care owes the county for operations at the adult Care Center 4Q21 through 4Q22 total over $6.5M. 2023 amounts are ‘subject to change’ and, if included, raise the total to over $9.5M for which the county has yet to be reimbursed for any of it – as a general matter, state law prohibits the county gifting Infinite Care.  

Readers may recall the legislature’s financial basis last session for transferring operations – sum and substance: Infinite Care keeps revenues exceeding expenses and pays expenses exceeding revenues. In other words, the county would be off the financial hook.  Why then are we’re still on it?

Legislator Perello recently urged greater clarity for the public about the situation at the Care Center – now might be a good time to provide it. He shouldn’t feel alone though, as those enabling the transfer last session also included Salamone and Rajsz.

In addition to the arrears, a glimpse back at interest rates for 2022 suggests annual debt service, for that year alone, on the nearly $5.5M owed from that year alone, is estimated at over $240,000 (setting aside costs beyond the initial year for such a loan). 

Did the legislature not provide a payment schedule in its enacting agreements? Are taxpayers now in the business of providing interest-free loans to Infinite Care?      

Hopefully Salamone, Perello, and Rajsz can straighten me out –  preferably in these pages. 

Comments

No comments on this item Please log in to comment by clicking here