| Item Title: | EPCHD - 2021 Tax Rate Proposal |
| Submitted By: | R. Jacob Cintron, President & CEO University Medical Center/EPCHD (915) 521-7600 |
| Subject: | Pursuant to the Property Tax Code, § 26.05 (d), propose a tax rate for the El Paso County Hospital District d/b/a University Medical Center of El Paso. |
| Background: | In accordance with Texas Tax Code Chapter 26, the El Paso County Commissioners Court ("Commissioners' Court") propose a tax rate for the El Paso County Hospital District d/b/a University Medical Center of El Paso ("Hospital District") for the 2021 tax year (Fiscal Year 2022) in the amount of $0.267747 per $100 assessed valuation, consisting of a rate of $0.220362 per $100 assessed valuation for maintenance and operations, and a rate of $0.047385 per $100 assessed valuation for debt service for the payment of the Hospital's District's debt (principal and interest). |
| Fiscal Impact: | The proposed tax rate will generate approximately $132.5 million in tax revenue for FY2022 of which $109 million will be used for Maintenance and Operations and $23.5 million will be used for Debt Service (principal and interest). |
| Recommendation: | Propose a 2021 Tax Rate (Fiscal Year 2022) for the El Paso County Hospital District d/b/a University Medical Center of El Paso, in the amount of $0.267747 per $100 assessed valuation, consisting of $0.220362 per $100 assessed valuation for the maintenance and operations, and a rate of $0.047385 per $100 assessed valuation for payment of the principal and interest, and further discuss the publication of Notice of a Public Hearing on a Tax Increase for the El Paso County Hospital District. |
| Prior Action: | N/A |
| Strategic Plan: | .. |
| Strategic Plan Information: | |