Board members voted to decrease the property tax rate to bring the organization closer to their goal to collect zero property tax revenue by 2019.
The district will collect just over $6 million from residents this year, which is an 88 percent reduction since 2007 when the hospital district collected $52 million.
Jeff Feasel, Halifax Health’s CEO, told the Daytona Beach News Journal that tax support is not as essential anymore since it has become a smaller portion of the district’s budget.
The health system plans to take on new ventures to offset the income gap left by cutting property taxes, according to the report.
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