South Broward Hospital District Sets Millage Rate for Fiscal Year 2009-2010
New Rate Results in Multi-Million Dollar Reduction in Tax Revenue Collected by the District and Provides Relief in Property Taxes, Benefiting Homeowners

Monday, September 28 2009

FOR IMMEDIATE RELEASE:

(Hollywood, Fla.) — The Board of Commissioners of the South Broward Hospital District, which oversees the operations for Memorial Healthcare System, will continue its multi-year history of providing tax relief to the taxpayers with the adoption of a millage rate of 1.2732, which was set at the September 23rd board meeting. The new rate results in a reduction in gross levied taxes of more than $3 million, translating into savings for many homeowners.

The revenue received from property taxes is used to subsidize indigent programs for patient care services, including primary care centers and physician services. In addition, the South Broward Hospital District uses this revenue to match state funds for the Medicaid program and give back to community redevelopment agencies in several municipalities. Tax funds available also cover services such as pediatric services, cancer therapies, cardiac treatment and sickle cell care for indigent patients. None of the tax monies are used to fund capital projects.

It is estimated that in FY2010, uncompensated care provided by the District could reach about $929 million. This new millage rate will net approximately $47.6 million in tax revenue, which represents 3.5 percent of total budgeted net revenue.

Memorial Healthcare System is the public, non-profit healthcare provider serving South Broward County. The Healthcare System’s mission is to provide quality, cost-effective, customer–focused health care services to its patients regardless of their ability to pay, with a goal of improving the health status of the community it serves. Among its facilities are Memorial Regional Hospital, Joe DiMaggio Children’s Hospital (the leading children’s hospital in Broward and Palm Beach counties), Memorial Regional Hospital South, Memorial Hospital West, Memorial Hospital Miramar, Memorial Hospital Pembroke and Memorial Manor nursing home.

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