The hospital is asking for a tax of $1.60 per $1,000 of net taxable property value, which would yield roughly $1.9 million in revenue, according to the report. Combined with matching federal funds, Holy Cross Hospital could see a total financial boost of $6 million.
If the tax levy is not approved by voters, Holy Cross Hospital executives said they may have to reduce services or lay off employees. The special election on the tax would be held Dec. 18, and the county will likely decide on the proposal next week.
More Articles on Hospital Tax Proposals:
Midland Memorial Hospital District in Texas to Lower Tax Rate
Parker County Hospital District Reduces Tax Rate
Board of Maricopa Integrated Health System in Arizona Rejects Tax Proposal
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