The Moore County Hospital District Board of Directors held a special called meeting on Wednesday, September 11th at 8:00am open to the public to discuss the proposed 2024/2025 Tax Rate. As there were no members of the public in attendance, the Board will move forward to adopt the proposed tax rate at the September 25, 2024 regularly scheduled Board meeting.
At the Board of Directors meeting on August 28th, the MCHD Board took into consideration the $2,941,317.00 increase in uncompensated care from prior year, which totaled $15,594,528.00. This was the main factor behind the decision to propose that the current rate of 0.228680/$100 be raised to 0.240911/$100.
The decision was based on the following information:
- If the District kept the tax rate the same as prior year (0.228680) = Would result in a deficit of $475,000
- If the District set the tax rate at the "Effective Rate" (0.222765) = Would result in a deficit of $661,835
- If the District set the tax rate at the "Rollback Rate (0.240911) = Would result in a deficit of $88,663
Taxes received by MCHD offset the amount of uncompensated care the District receives each year.
AS SUCH, MOORE COUNTY HOSPITAL DISTRICT INTENDS TO ADOPT A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 8.14% AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $18.15
