| Item Title: | Hospital District - Adoption of Tax Rate |
| Submitted By: | R. Jacob Cintron, President & CEO, Hospital District/University Medical Center (915) 521-7600 |
| Subject: | Discuss and take appropriate action to adopt the 2018 Tax Rate for the El Paso County Hospital District. |
| Background: | In accordance with Chapter 26 of the Texas Tax Code, it is requested that the Commissioners Court adopt a tax rate for the El Paso County Hospital District for the 2018 tax year in the amount of $0.251943 per $100 assessed valuation, consisting of a rate of $0.197760 per $100 assessed valuation for maintenance and operations, and a rate of $0.054183 per $100 assessed valuation for payment of the principal and interest on the debt of the Hospital District. The Board of Managers for the Hospital District previously approved the requested tax rate on August 14, 2018. |
| Fiscal Impact: | Adoption of the proposed tax rate will generate approximately $110 million in tax revenue for FY2019 of which $86 million will be used for maintenance and operations and $24 million will be used for debt service. |
| Recommendation: | That the Commissioners Court adopt a tax rate for the El Paso County Hospital District d/b/a University Medical Center of El Paso for the 2018 tax year in the amount of $0.251943 per $100 assessed valuation, consisting of a rate of $0.197760 per $100 assessed valuation for maintenance and operations, and a rate of $0.054183 per $100 assessed valuation for payment of the principal and interest. |
| Prior Action: | Joint work sessions of the Commissioners Court and Hospital District Board of Managers were conducted on July 31, 2018 and August 15, 2018 and public tax hearings were held on August 14, 2018 and August 17, 2018. |
| Strategic Plan: | .. |
| Strategic Plan Information: | |