According to the report, the health system is struggling to remain financially stable due to increasing numbers of uninsured patients and falling revenue from current sales and property tax. The hospital predicts a loss of $133 million in the next year.
If the health system is able to successfully establish its own taxing district, the hospital could potentially gain as much as $424 million in additional revenue. The health system is seeking a $2 tax on every $1,000 of property value, according to the report.
A recent poll of county voters found that a majority opposed the new taxing district, which would add an average of $300 annually to individual property taxes, according to the report.
Read the Miami Herald‘s report on the Jackson Health System tax district proposal.
