thUR. JUne 16
daily live mUSic
✪ Ride to the Sky Departs at 9am escorteD riDe to the mt. Washington auto roaD! ✪ official haRley-davidSon demoS June 11–18 Daily from 9 am–4 pm
✪ 11am-1pm tore DoWn house ✪ 2:15-4:15 pm eric grant BanD ✪ 5:30-7:30 pm Jamantics
WeatHeR peRMittiNg. VaLiD MotoRcycLe LiceNse RequiReD.
Laconia HarLey-DaviDson www.LaconiaHarley.com 239 Daniel Webster Hwy. [Rte. 3], Meredith, NH 03253 603-279-4526
✪ BeSt of the BeSt vendoR village June 11–18
Thursday, June 16, 2011
VOL. 12 nO. 12
LaCOnIa, n.h.
527-9299
Free
Bruins hoist Lord Stanley’s Cup
thursday Open Mondays
Boston’s first NHL title since 1972. See story on page 13
NOW IN LACONIA!!
LRGH & other hospitals exploring options to fight & cope with new state tax on their operations
LACONIA 524-0100
LACONIA — Together with hospitals across the state, LRGHealthcare has begun wrestling with the impacts of the 2012-2013 state budget, which has stripped it of $9-million in revenue and saddled it with $4-million in taxes. The plight of the hospitals stems from the decision of the Legislature to change the rules of a Medicaid program — the Disproportionate Share Hospital, or DSH, fund — which has been a major source of state revenue and helped to balance state budgets for the past two decades. Dubbed “Mediscam,” the fiscal shell game shuffled a tax levied on hospitals, money from the state treasury and federal matching funds. Each year, on October 15, hospitals paid the state a tax — the “Medicaid Enhancement Tax” (MET) — based on their revenue and were paid an equal amount from the state treasury. These virtually simultaneous transactions were a wash with no cost to either party. The pea was under the third shell, where the federal government, through the Medicaid program, matched at least half but often more of the money the state returned to the hospitals as DSH payments ostensibly to defray the cost of treating needy patients. Although the Medicaid money was see hOsPItaL taX page 7
By Michael Kitch THE LACONIA DAILY SUN
Irwin Auto Group acquires Belmont Hyundai dealership By adaM drapcho THE LACONIA DAILY SUN
It’s steep, but not that steep! Glenna Longley of Canaan, NH, loses control of her Harley-Davidson during the annual Hill Climb competition at Gunstock Mountain Resort in Gilford on Wednesday. The climb has been a fixture on the Wednesday Bike Week schedule for man years and always draws a gig crown of motorcycle enthusiasts. (Alan MacRae/for the Laconia Daily Sun) Corn & By Product FREE Eukanuba Pure
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Fuel Oil 10 day cash price* 64 Primrose Dr. North, Laconia 524-1421 subject to change
OIL & PROPANE CO., INC.
BELMONT — The Irwin Automotive Group of Laconia announced yesterday the acquisition of the Belknap Hyundai dealership of Belmont. The purchase, which was announced through an e-mail to customers, was effective on Monday. Chris Irwin, vice-president of the family-owned dealership, said that the Hyundai store would remain at its present location for about the next eight months, after which point the dealership would be relocated to a site yet to be disclosed. The new site will be “within three or four miles” of the company’s main store on Bisson Ave. Irwin Motors was founded in 1951 as a Lincoln-Mercury dealership. Ford was added four years later. Toyota was see hyuNdaI page 8
Italian dishes, pizzas, calzones and a whole lot more.....
Rossi’s Italian Ristorante 322 Rte. 104, New Hampton, NH 603-744-2377
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