| Item Title: | Hospital District - Adoption of 2021 Property Tax Rate |
| Submitted By: | R. Jacob Cintron, President & CEO, EPC Hospital District/University Medical Center (915) 521-7600 |
| Subject: | Discuss and take appropriate action to adopt the 2021 Property Tax Rate for the El Paso County Hospital District d/b/a University Medical Center for the Fiscal Year 2022. |
| 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 d/b/a University Medical Center of El Paso for the 2021 property tax year in the amount of $0.258145 per $100 assessed valuation, consisting of a rate of $0.210760 per $100 assessed valuation for maintenance and operations, and a rate of $0.047385 per $100 assessed valuation for payment of the principal and interest on the Hospital District's debt.
The Hospital District Board of Managers approved the requested tax rate on August 17, 2021. |
| Fiscal Impact: | The proposed tax rate will generate approximately $127.8 million in tax revenue for FY2022 of which $104.3 million will be used for Maintenance and Operations and $23.5 million will be used for Debt Service (principal and interest). |
| Recommendation: | Approve and adopt the proposed 2021 Property Tax rate for the El Paso County Hospital District d/b/a University Medical Center of El Paso for Fiscal Year 2022 in the amount of $0.258145 per $100 assessed valuation, consisting of a rate of $0.210760 per $100 assessed valuation for maintenance and operations, and a rate of $0.047385 per $100 assessed valuation for payment of the principal and interest. |
| Prior Action: | None |
| Strategic Plan: | .. |
| Strategic Plan Information: | |