| Item Title: | EPCHD - 2019 Tax Rate Proposal |
| Submitted By: | R. Jacob Cintron, President & CEO, University Medical Center (915) 521-7600 |
| Subject: | Pursuant to the Property Tax Code, § 26.05 (d), propose the 2019 Tax Rate for the El Paso County Hospital District's FY 2020 Budget. |
| Background: | In accordance with Chapter 26 of the Texas Tax Code, it is requested that the Commissioners Court propose a tax rate for the El Paso County Hospital District for the 2019 tax year in the amount of $0.267747 per $100 assessed valuation, consisting of a rate of $0.214921 per $100 assessed valuation for maintenance and operations, and a rate of $0.052826 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 approved the requested tax rate at the first joint UMC Board of Managers and the Commissioners' Court on July 30, 2019. |
| Fiscal Impact: | The proposed tax rate will generate approximately $119.7 million in tax revenue for FY2020 of which $96.1 million will be used for maintenance and operations and $23.6 million will be used for debt service. |
| Recommendation: | That the Commissioners Court propose a tax rate for the El Paso County Hospital District d/b/a University Medical Center of El Paso for the 2019 tax year in the amount of $0.267747 per $100 assessed valuation, consisting of a rate of $0.214921 per $100 assessed valuation for maintenance and operations, and a rate of $0.052826 per $100 assessed valuation for payment of the principal and interest. |
| Prior Action: | First Joint work session of the Commissioners Court and Hospital District Board of Managers was conducted on July 30, 2019. |
| Strategic Plan: | .. |
| Strategic Plan Information: | |