Written by The Business Journal Staff
The bond proceeds, if approved by Tulare Health Care District Board, will be used to complete the long-delayed medical tower project at Tulare Regional Medical Center.
The five-story project was initially designed to be funded through an $85 million bond, but the money dried up before the project was completed.
The latest bond is expected to cost taxpayers $2.28 per month per $100,000 of assessed value, or $3.42 per month for the average Tulare household, according to the health care board. At its peak, it will cost $6.49 per month for the average Tulare household.
The hospital has boasted of an improved financial outlook since HealthCare Conglomerate Associates (HCCA) took over operations of the facility in 2014.
Sherrie Bell, chair of the Tulare Local Health Care District, said in a statement she sees a brighter future ahead.
“We all remember what we had before HCCA came on,” she said. “I testify to you that things are different, that today we have quality and experience and growth potential.”
The ballots will be mailed to voters Aug. 1, and must be postmarked no later than Aug. 30 to the Tulare County Elections Office.
The decision comes in the midst of controversy for the Tulare Local Health Care District, which was recently sued by a group of former medical staff leaders who were dismissed.
The decision also comes as voters cast their decisions on Measure H, a $327 million bond measure to fund a new acute care hospital in Visalia as part of the Kaweah Delta Health Care District.