Florida Update:
In Florida, addiction to opioids has been a major concern. As a result, federal, state and local governments are making financial commitments to fight this crisis. The pass-through of significant funding continues and in October of this year, Hillsborough (FL) commissioners allocated $13.7m over the next year to combat this crisis in their community. The Tampa area has been one of the harder hit communities in the state. This action followed several others. As a result of the alarming increase in deaths from opioid overdoses the Center for Disease Control and Prevention (CDC) began a surveillance program in 2016. Florida was one of thirty-two states to receive funding ($12.8m) to set up a state surveillance program. Following the CDC’s declaration of the opioid crisis, Governor Scott (FL) signed an executive order which allowed the state to immediately draw more than $27m in federal grant funding from the United States Department of Health and Human Resources (HHS). The quick action seems to be paying off as overdoses have begun to decrease, but the fight continues. In September of this year HHS awarded over $1b in grants to combat the crisis. More detail about this award can be found here
New Jersey Update:
In case you missed the billboards posted on various highways throughout the State ….New Jersey is currently offering “an early holiday gift” in the form of Tax Amnesty!
Individuals and businesses have a 60-day window to take advantage of the program. If they do, the state will waive any penalties related to late payment and discount any interest due by half.
Due Date: All required tax returns and tax amnesty payments must be received by 11:59 p.m. on January 15, 2019. Any tax return submitted by mail must be postmarked by January 15, 2019.
Eligible Periods: State tax liabilities for tax returns due on or after February 1, 2009 through September 1, 2017. Some restrictions apply. For additional information, please contact your Withum tax professional or visit the New Jersey Department of Treasury.
Philadelphia Update:
According to a financial report released by the Pennsylvania Health Care Cost Containment Council, the Philadelphia region’s specialty hospitals had mixed results when it came to profit in 2017. Out of the 11 psychiatric hospitals, eight generated profits while three out of four rehabilitation hospitals were profitable, one of which was Moss Rehab of the Einstein Healthcare Network. Kindred South Philadelphia, a long-term acute care hospital, finished with a net income of $219,000 while Kindred Philadelphia had the largest net loss of $2.5 million. The full report can be found here.
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